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Selected Problems with Multiemployer Plan Reciprocity (PDF)
benefits magazine, a publication of the International Foundation of Employee Benefit Plans [IFEBP] 
Feb. 7, 2024 "Many multiemployer employee benefit plans use reciprocity agreements to allow workers to have benefit contributions earned by traveling workers transferred back to their home plans.... [P]lans may misunderstand how [these agreements] work.... Plan fiduciaries can reduce their risks in connection with reciprocity by requiring travelers to sign a reciprocity authorization agreement that includes a waiver of claims against the plan. Plan fiduciaries should establish policies to ensure that they have a sensible and defensible reciprocity program." MORE >> |
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