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
“Withdrawal liability” blindsides many employers when they stop contributing to collectively bargained pension plans. Multiemployer plans have used different calculations for years that inflate the withdrawal liability they...more