We keep our pension fund clients informed of current legal developments regarding the assessment and collection of withdrawal liability.
An employer that totally or partially withdraws from a multiemployer pension plan is liable for their share of the Plan’s unfunded vested benefits. This payment is intended to make up the withdrawing employer’s share of any shortfall in future benefits. The rules regarding withdrawing employers in the construction and entertainment industries vary from other industries.
How our team can help
Our attorneys works with the plan administrator, trustees and plan actuary to draft and enforce uniform rules and procedures for assessing and collecting withdrawal liability. We keep current with the recent legal developments regarding the assessment and collection of withdrawal liability. We represent the pension funds in both arbitration and litigation proceedings against employers who have not satisfied their withdrawal liability obligations.