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Sixth Circuit Rules That Pension Fund Did Not Properly Calculate Withdrawal Liability
Bodman PLC 
Sept. 8, 2025 "The Sixth Circuit held that the Operators Local 324 Pension Fund did not comply with ERISA by using the [PBGC] rate of 2.27% as its discount rate given that the fund's best estimate that the rate of return on investments would be 7.75%.... The court held that the actuary did not use their best estimate of the discount rate but stopped short of mandating use of a rate equivalent to the best estimate of rate of return.' [Ace-Saginaw Paving Co. v. Operating Eng"rs Loc. 324 Pension Fund, Nos. 24-1288, 24-1305 (6th Cir. Aug. 6, 2025)] MORE >> |
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