A bankruptcy court in Delaware recently upheld rules issued by the Pension Benefit Guaranty Corporation (PBGC) that severely impact how liability is calculated for employers withdrawing from multiemployer pension plans...more
10/24/2024
/ American Rescue Plan Act of 2021 ,
Bailout ,
Bankruptcy Court ,
Creditors ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Loper Bright Enterprises v Raimondo ,
Multiemployer Plan ,
PBGC ,
Pension Funds ,
Pensions ,
Withdrawal Liability
Christmas came early this year for the beleaguered Teamsters Central States Pension Fund and its over 350,000 participants – but employers may soon realize they just received a lump of coal in their stockings. On December 8,...more
The federal agency overseeing voluntary private defined benefit pension plans just issued its Interim Final Rule on how withdrawal liability will be impacted by the billions of dollars that will be paid to failing...more