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Unions Confronting Employer Spinoff and Joint Venture Transactions Need to Understand Pension Funding Ramifications (PDF)
Blitman & King LLP, via Bloomberg BNA Pension & Benefits Daily Sept. 16, 2014 "[A] spinoff is sometimes followed by a joint venture transaction which adds an additional layer of separation and more discomfort concerning pension funding. To address this vulnerability, the union should exercise its rights either under a successorship clause or effects bargaining to secure a Memorandum of Agreement addressing, among other things, pension funding." |
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