Going Through Withdrawal: Strategies for Minimizing Your Multiemployer Pension Withdrawal Liability, Protecting Your Assets, and Saving Your Business

Schaumburg, IL

Maggiano's Little Italy
1901 E. Woodfield Road
Schaumburg, IL 60173(847) 240-1600

This interactive workshop will offer unionized employers the opportunity to learn and utilize innovative business planning strategies and aggressive negotiation techniques to address what is likely the most critical challenge facing their companies: multiemployer pension withdrawal liability. It will also explain the significant changes brought about by the enactment of the Multiemployer Pension Reform Act of 2014 (“MPRA”) last month. Attendees will:

  • Survey the significant challenges facing employers participating in multiemployer pension plans, and the recent changes to the calculation of withdrawal liability encompassed within the MPRA
  • Learn the basics of withdrawal liability, how it is triggered, and how it impacts employers today
  • Discover how to analyze and track how withdrawal liability is calculated and assessed, and how the statutory caps and timing could work to an employer’s advantage
  • Examine the critical issues employers face in responding to an assessment of withdrawal liability
  • Build strategies for assessing and minimizing withdrawal liability risks through collective bargaining and business planning

In recent years, far too many pension funds have slipped into “critical” status, placing participating employers in the no-win situation of paying the exorbitant increases demanded by the funds or withdrawing and paying potentially massive withdrawal liability. As more and more pension funds edge toward insolvency, and the costs required to fund the benefits increase with no end in sight, the very future of your company may hang in the balance. In addition, the passage of the MPRA now allows plans to cut benefits to employees and even retirees. It may also provide increased leverage for employers seeking to extricate themselves from the crushing weight of their pension obligations, and furnish tools resourceful employers may use to minimize their withdrawal liability.

Clearly, employers—especially those whose collective bargaining agreements are expiring—are at a critical juncture. Join Epstein Becker Green as we discuss these issues in greater detail and present unique strategies to minimize your risks and save your business.

9:30 a.m. – Registration
10:00 a.m. – Multiemployer Pension Withdrawal Liability - Basics
11:00 a.m. – Morning Break
11:15 a.m. – Withdrawal Liability – Risks, Strategies, and Business Planning
12:00 p.m. – Lunch & Questions

General Counsel
Chief Operating Officers
Chief Financial Officers
Human Resources Professionals
Business Owners