Time: 2:00 p.m. to 3:00 p.m.
Topic: Unfunded Pension Liability
Presenters: Jeff Risch, Labor & Employment Chairperson and
Beverly Alfon, Partner at SmithAmundsen LLC
Who Should Attend:
Company Owners, Chief Executive Officers, Vice Presidents, and Successor Businesses
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?
About the Speakers:
Jeff serves as the Chair of Smith Amundsen’s expansive management-side Labor & Employment Practice Group headquartered in Chicago. Jeff provides employment and traditional labor law counsel to several trade associations, including the FCAI. Jeff has been elected to The Best Lawyers in America in Employment Law - Management: 2016, 2017, 2018, 2019.
She represents management before state and federal courts, labor arbitrators, and administrative agencies. She also regularly counsels employers on maintaining compliance with state and federal laws and regulations, assists employers with developing employment policies and executing human resources strategies, negotiates employment and separation agreements, conducts internal investigations, and advises employers in connection with strategic planning related to collective bargaining.
Please note: You must complete the registration process to participate in this webinar. Once you register, you will be emailed instructions on how to log-in by web and telephone along with an access code. For more information, please contact Shannon at firstname.lastname@example.org.
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