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Amicus Brief in Appeal of Case Challenging Multiemployer Plan Calculation of Withdrawal Liability (PDF)
Miller Johnson
[Opinion] Oct. 8, 2024 336 pages. "[T]he Pension Fund argues it may include increases in employer contribution rates required by the Fund's rehabilitation plan in the Fund's calculation of the employers' withdrawal liability because those contribution increases have been used to provide increased benefit accruals for Fund participants and beneficiaries. But this argument skips over a key fact: the Pension Fund, a massively underfunded multiemployer pension plan until its receipt of $35.8 billion in Special Financial Assistance in January 2023, was never permitted to increase benefits at all." [Central States, Southeast and Southwest Areas Pension Fund v. Event Media, Inc., No. 22-6133 (N.D. Ill. Mar. 29, 2024; on appeal to 7th Cir.)] MORE >> |
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