May 7, 2019
What You Will Learn:
Employers that contribute to underfunded multiemployer pension plans face significant assessments if they withdraw from such plans. Employment decisions and events (e.g., reduction in union workforce, reduction in hours worked by union workforce, decertification), and corporate transactions (e.g., mergers and acquisitions, joint ventures, and facility closures) – can all result in triggering a partial or complete withdrawal liability assessment. In addition, under ERISA each member of a controlled group is jointly and severally responsible for withdrawal liability.
During this webinar, the following key issues will be covered:
• The Basics – What is the Law? What are UVBs and Partial and Complete Withdrawals?
• How can employers obtain information about their multiemployer fund exposure and analyze these liabilities?
• How is withdrawal liability considered in the context of an anticipated corporate transaction?
• What is the Construction Industry Exemption and how does it apply?