Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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Seventh Circuit Holds that a Deceleration of Withdrawal Liability is Unavailable Under ERISA's Common Law
Littler Sept. 5, 2019 "[T]he U.S. Court of Appeals for the Seventh Circuit held that the trustees of a multiemployer pension plan could not agree to an employer's installment payment plan of its withdrawal liability after the trustees had demanded full payment following the employer's default. This 'no good deed goes unpunished' decision will likely make trustees much less likely to agree to subsequent payment plans after finding an employer in default." [Bauwens v. Revcon Technology Group, No. 18-3306 (7th Cir. Aug. 13, 2019)] |
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