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Sixth Circuit Weighs In On Multiemployer Plan Withdrawal Liability Assumptions - Employment and HR - Vimarsana News

Sixth Circuit Weighs In On Multiemployer Plan Withdrawal Liability Assumptions - Employment and HR

On September 28, 2021, in Sofco Erectors v. Trustees of the Ohio Operating Engineers Pension Fund, No. 20-3639/3671, 2021 BL 367718 (6th Cir. Sept. 28, 2021)...

Source: mondaq.com
Sixth Circuit Weighs In on Multiemployer Plan Withdrawal Liability Assumptions | Akin Gump Strauss Hauer & Feld LLP - Vimarsana News

Sixth Circuit Weighs In on Multiemployer Plan Withdrawal Liability Assumptions | Akin Gump Strauss Hauer & Feld LLP

On September 28, 2021, in Sofco Erectors v. Trustees of the Ohio Operating Engineers Pension Fund, No. 20-3639/3671, 2021 BL 367718 (6th Cir. Sept. 28, 2021), the 6th Circuit Court of...

Sixth Circuit Rules Interest Rate Methodology Selected by Plan Actuary in Withdrawal Liability Calculation Violates ERISA | Ogletree, Deakins, Nash, Smoak & Stewart, P.C. - Vimarsana News

Sixth Circuit Rules Interest Rate Methodology Selected by Plan Actuary in Withdrawal Liability Calculation Violates ERISA | Ogletree, Deakins, Nash, Smoak & Stewart, P.C.

In a rare victory for employers that participate in multiemployer pension plans, the Sixth Circuit Court of Appeals held that the interest rate memorialized in the Segal Blend actuarial...

Sixth Circuit Rules Interest Rate Methodology Violates ERISA - Vimarsana News

Sixth Circuit Rules Interest Rate Methodology Violates ERISA

In a rare victory for employers that participate in multiemployer pension plans, the Sixth Circuit Court of Appeals held that the interest rate memorialized in the Segal Blend actuarial assumption was inappropriate to use in a withdrawal liability calculation.

6th Circuit Ruling Might Increase Withdrawing Employer Risk for Multiemployer Plans - Vimarsana News

6th Circuit Ruling Might Increase Withdrawing Employer Risk for Multiemployer Plans

The appellate court has rejected the use of the "Segal Blend" when calculating withdrawal liability.