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Segal Blend Rejected as Discount Rate for Determining Withdrawal Liability
Wolters Kluwer Law & Business
July 26, 2018 "The Segal Blend is not prohibited as a matter of law, but [the court found it] was inappropriately applied as it was lower than the actuary's best estimate of anticipated plan experience in the long-term and included interest rates for assets that were not included in the Fund's portfolio." [The New York Times Co. v. Newspapers & Mail Deliverers'-Publishers' Pension Fund, No. 17-6178 (S.D.N.Y. Mar. 26, 2018)] MORE >> |
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