On March 25, 2019, Associate Attorney John Sexton attended a webinar titled “Multiemployer Pension Plan Withdrawal: An In-Depth Examination.” The webinar focused on the evolution of the Multiemployer Pension Plan Amendments Act and strategies for minimizing liability.
The Multiemployer Pension Plan Amendments Act (MPPAA) was enacted in 1980. This Act created withdrawal liability whereby employers withdrawing from multiemployer pension plans must, upon withdrawal from a plan, pay a share of the plan’s unfunded vested benefits. “Withdrawal,” as defined by Title IV of ERISA, can occur through a complete withdrawal or a partial withdrawal. [Read more…]