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Benefits Counselor - April 2024 - Health & Safety

In March 2024, three class action lawsuits were filed by former plan participants against plan fiduciaries in connection with pension risk transfers to Athene Holding Ltd. ....

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Withdrawal Liability Calculation Bulk Transp. v. Teamsters Union

Withdrawal Liability Calculation Bulk Transp. v. Teamsters Union
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Seventh Circuit Orders Pension Fund To Return Withdrawal Liability To Employer - Employee Rights/ Labour Relations

An employer can contest a withdrawal liability assessment and ultimately prevail. That is the moral of Bulk Transport Corp. v. Teamsters Union No. 142 Pension Fund, No. 23-1563. ....

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Union Pension Fund Can't Have It Both Ways: Federal Appeals Court Orders Fund to Repay Employer $2 Million | Fisher Phillips

In a classic man-bites-dog turnaround, a federal appeals court ordered a Teamsters pension fund to return approximately $2 million in withdrawal liability payments to an employer that. ....

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Game Changer for Pension Withdrawal Liability: Seventh Circuit Orders Return of Withdrawal Liability Payments | Conn Maciel Carey LLP

Last Friday, a three-judge panel of the United States Court of Appeals for the Seventh Circuit reversed a district court’s decision upholding an arbitration award requiring an employer. ....

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