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Guest taxgurl
Posted

Does anyone know the proper date of withdrawal to use for a building and construction industry employer contributing to a multemployer plan? Would it be the day after the obligation to contributed under the CBA expires, where the employer continues the same kind of work in the same area. Or would it just be the day on which the obligation to contribute, (the CBA) expires?

Posted

The CBAs that I have seen expire at a certain time on a certain date just like my car and house insurance. Obligations under all of these is up to that time on that date, there is no obligation after that time and date, unless of course there is accrued arrears. Withdrawal should use the same logic.

So if it expires at 12:00PM (Midnight) on May 29, there is no obligation at 12:01AM which is May 30.

George D. Burns

Cost Reduction Strategies

Burns and Associates, Inc

www.costreductionstrategies.com(under construction)

www.employeebenefitsstrategies.com(under construction)

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