Unionized employers participating in an underfunded multiemployer pension plan face significant financial exposure when withdrawing (completely or partially) from the plan. The cost (called “withdrawal liability”) is...more
The COVID-19 crisis portends a new and troubling outlook for construction contractors and other employers participating in multiemployer pension plans.
While many multiemployer pension plans had been recovering enough from...more
In a decision that could have far-reaching implications for multiemployer pension plans and employers, a federal district court has held that the use of the “Segal Blend” to calculate a company’s withdrawal liability when it...more