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Court Holds ERISA Imposes Statutory Obligation on Employers to Remedy Multiemployer Pension Plan Funding Deficiency
Groom Law Group 
[Guidance Overview] Sept. 13, 2010 Excerpt: In a case where the collectively bargained amounts fell short of the statutory minimum, the U.S. Court of Appeals for the First Circuit found that ERISA § 302 imposes an independent obligation on contributing employers to remedy a plan funding deficiency, even if doing so would require contributions beyond those the employers committed to in their collective bargaining agreements. |
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