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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. ....

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Appellate Court Rejects Use of Segal Blend in Calculating Withdrawal Liability

Because appellate court decisions carry weight with lower courts in a circuit, the ruling could increase the risk for multiemployer plans presented by withdrawing employers. ....

United States , John Lowell , Sofco Erectors Inc , Us Circuit Court , Ohio Operating Engineers Pension Fund , Us District Court , Pension Benefit Guaranty Corporation , Sofco Erectors , Segal Blend , Employee Retirement Income Security Act , Southern District , October Three Consulting ,

6th Circ. Faults Union Fund's Withdrawal Cost Methodology

The Sixth Circuit on Tuesday upheld parts of a union pension fund's win in a withdrawal liability battle with a construction company, but found the fund's methodology for calculating how much the employer owed violated federal benefits law. ....

United States , Joan Larsen , Sofco Erectors Inc , Ohio Operating Engineers Pension Fund , Rachel Stone , Sixth Circuit , Judge Joan Larsen , Sofco Erectors ,