Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Manager, Defined Contribution (TPA)

HowardSimon, Strongpoint Partner
(Remote)

HowardSimon, Strongpoint Partner logo

Senior Client Service Specialist

EPIC RPS
(Remote / AZ)

EPIC RPS logo

Retirement Plan Administrator

ERISA Services, Inc.
(Remote)

ERISA Services, Inc. logo

Retirement Plan Administrator

CMC Pension Professionals
(Remote)

CMC Pension Professionals logo

Retirement Plan Relationship Manager

ERISA Services, Inc.
(Remote)

ERISA Services, Inc. logo

Retirement Plan Administrator

Retirement Planners and Administrators (RPA)
(Remote)

Retirement Planners and Administrators (RPA) logo

Claims Adjuster

UEBT
(WA)

UEBT logo

Senior Internal Sales Consultant

EPIC RPS
(Remote)

EPIC RPS logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Tackett Decision Opens Door for Review and Modification of Collectively Bargained Retiree Benefits
Thompson Hine Link to more items from this source
Jan. 30, 2015

"[I]nasmuch as [FASB 106] has required employers to account for retiree welfare benefits as either an expense on the employer's income statement or by amortization of the liability on a straight line basis since 1992, for which the aggregate impact on employers is in the billions of dollars, Tackett's significance will be felt in three ways: [1] Rust-belt company balance sheets could improve significantly. [2] Employers could terminate or modify union retiree plans, e.g., by charging premiums and increasing co-payments. [3] Future union negotiations of retiree welfare benefits are likely to be even more contentious." [M&G Polymers USA, LLC v. Tackett, No. 13-1010 (U.S. Jan. 26, 2015)]

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.