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Think Twice Before Agreeing to Contribute to a Multiemployer Pension Plan, Especially If Plan Is Not Fully Funded
Frost Brown Todd LLC 
[Opinion] Oct. 12, 2022 "Employers which withdraw from a [multiemployer pension plan (MPP)] should not expect that any withdrawal liability they are assessed will be reduced due to bailout funds the MPP receives.... Possible exposure to withdrawal liability may make it difficult or impossible to sell your business.... Withdrawing employers ... are effectively allocated some of the unfunded vested benefits of employees of bankrupt employers which withdrew but did not pay withdrawal liability." [Updated Mar. 1, 2023] MORE >> |
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