Pension Reform in our Time? What Butch Lewis Means for Multiemployer Plans and Participating Employers

Seyfarth Shaw LLP

One part of the recently passed $1.9 trillion “American Rescue Plan” is the “Butch Lewis Emergency Pension Plan Relief Act of 2021” (“Butch Lewis”).  Butch Lewis is the long awaited law designed to provide underfunded multiemployer pension plans with sufficient monies to pay for all accrued benefits owed to retirees, without reduction, through the plan year ending in 2051.  Is this the reform plans and participating employers have been looking for?  In this webinar, Seyfarth attorneys will review Butch Lewis, address what it means for multiemployer plans, and discuss what it means for employers participating in those plans.

Topics will include:

• Overview of prior pension reform attempts and the state of multiemployer pension plans
• Butch Lewis as adopted
• Plan eligibility for relief and the application process
• Conditions on relief
• Impact for multiemployer plans
• Impact for participating employers

Speakers

Alan B. Cabral, Partner, Seyfarth Shaw LLP
James M. Hlawek, Partner, Seyfarth Shaw LLP
Seong Kim, Partner, Seyfarth Shaw LLP
Ronald J. Kramer, Partner, Seyfarth Shaw LLP

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