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Report Link Pension Plan Withdrawal Liability Can Reach Estate Planning and Investment Activities.Buchanan Ingersoll & Rooney PC - November 20, 2007 Recent cases demonstrate the broad reach of pension plan withdrawal liability. Under the Multiemployer Pension Plan Amendments Act, 29 U.S.C. 1381 et seq, an employer that ceases to participate in a multiemployer pension plan may be responsible for withdrawal liability. Such liability, however, also can be imposed on other trades and businesses under common control with the contributing employer. For example, in McDougall v. Pioneer Ranch Limited Partnership, 494 F. 3d 571 (7th Cir. 2007), the court held a family limited partnership responsible for nearly $4 million in pension plan withdrawal liability that arose when a commonly owned trucking company could not pay. McDougall and other recent decisions illustrate how withdrawal liability can reach entities created for purposes of estate planning and real estate investment. Report Link Its Baaack: The Reemergence of Withdrawal Liability and It's Impact on Employers Participating in Multiemployer Pension Plans.Littler Mendelson, P.C. - September 01, 2005 While withdrawal liability had been a fact of life for employers participating in multiemployer plans since 1980, throughout much of the 1990’s and into the first couple of years of the 21st century it had little impact on many employers due to the strong funding position of many multiemployer plans. However, with several consecutive years of lackluster equity markets, and the inability or unwillingness of many plans to reduce benefits, many funds have experienced ballooning withdrawal liability and some have come dangerously close to funding deficiencies. This Benefits Insight reviews for employers what withdrawal liability is, how many funds have once again found themselves assessing withdrawal liability, and strategies for employers to avoid triggering an assessment of withdrawal liability.
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ArticlesFound: 2 ArticlesNO SUBTOPICSEmployment Law Seminars
Total Wage and Hour Compliance: An Initiative to End the Wage and Hour Class Action Wars
Sacramento
October 7, 2008 LittlerTaking Your Health Plan's Temperature- Keeping The Plan Out Of Trouble (pdf).Tampa
October 7, 2008 ConstangyEmployment Law Developments in ArizonaScottsdale
October 7, 2008 OgletreeSuccessfully Navigating the Bermuda Triangle of Time Away from WorkAtlanta
2008-10-8 Jackson Lewis LLPFast Forward: Staying Ahead of Emerging Employment IssuesMinnetonka
October 8, 2008 Ford & HarrisonGuidance on the Newly FMLA RegulationsMarion
October 8, 2008 Baker DonelsonElections 2008: Challenges & Opportunities for EmployersBIRMINGHAM
October 9, 2008 ConstangyEmployee Free Choice Act: More Than Just a Misleading Name.Birmingham
October 10, 2008 Littler43rd Annual Midwest Labor and Employment Law Seminar on October 12-13, 2008Easton
October 12, 2008 Baker HostetlerReserve the Dates!!! – Public Sexual Harassment Training Webinar for Supervisors and ManagersOnline
October 14, 2008 Ballard Rosenberg |
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