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Piling On: Corporations Support the New York Times in Multiemployer Pension Calculation Dispute
McDermott Will & Emery
Feb. 19, 2019
"Several large employers are disputing how much money the New York Times owes a union multiemployer pension fund. Recently, six companies ... filed an amicus brief supporting the New York Times in its case before the US Court of Appeals for the Second Circuit.... The underlying issue in this case involves an actuarial method called the 'Segal Blend,' which often is used to value unfunded vested benefits and calculate withdrawal liability (an exit fee) from a union multiemployer pension plan."
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