Stay updated with breaking news from Withdrawal Liability. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A Delaware bankruptcy court will decide on March 6 if it will hear pension withdrawal liability litigation against Yellow Corp. The post Pension liability claims against Yellow may take months to settle appeared first on FreightWaves.
In Central States v. Wingra, No. 21-cv-3684, 2023 WL 199360 (N.D. Ill. Jan. 17, 2023), the district court held that an employer expelled from a multiemployer pension plan may not owe withdrawal...
As previously discussed, the Pension Benefit Guaranty Corporation (the "PBGC") issued final regulations in July 2022 for plans that receive special financial assistance ("SFA")...
Pension Benefit Guaranty Corporation PBGC issued final regulations in July 2022 for receive special financial assistance SFA under American Rescue Plan Act of 2021 ARPA. Among other things regulations imposed special withdrawal liability rules on plans that receive SFA.
According to the PBGC, the proposed rule will increase withdrawal liability obligations of employers by between $804 million and $2.98 billion over the next 20 years.