JanetM Posted January 15, 2003 Posted January 15, 2003 We have a control group - number of companies and facilities. It appears we have partial withdrawal liablility for 2002 withdrawal. Under the regs. as we read them - amount of liability can not be determined until after 2003 is completed. Question - since there is no way to know the amount - when does MPP send us the bill? Can they estimate or do some interim calc under the regs? Can you give me cite? Help! JanetM CPA, MBA
Guest Keith N Posted January 30, 2003 Posted January 30, 2003 I can't speak for the fund that you are a part of, and I'm not sure what you mean by "when does MPP send us the bill", but when we are informed of a withdrawal by one our our clients, we prepare a worksheet detailing the caclulation of the amount of withdrawal liability that is then passed on to the withdrawing employer. And I believe you are correct in that since it is a partial withdrawal, in most cases the liability can not be determined until the following year is completed.
Kirk Maldonado Posted January 30, 2003 Posted January 30, 2003 Don't worry; they will contact you. However, in some cases, it may take them a while to get to you. Kirk Maldonado
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