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Butch Lewis Brings No Good News for Contributing Employers
Jackson Lewis P.C. 
[Guidance Overview] June 24, 2021 "Payments will be made to more than ninety funds. There is no cap on this payment, no requirements for repayment, and funding predictions will be performed on a 'deterministic basis.' ... The Butch Lewis portion is otherwise a clean canvas to be augmented by PBGC regulations.... Organized labor contends 'all benefits due during the period' is defined as future benefit payment cash flows, not merely accrued benefits or unfunded liability. This concept will cost significantly more than 86 billion dollars." MORE >> |
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