Going Through Withdrawal: Strategies to Minimize Your Multiemployer Pension Withdrawal Liability, Protect Your Assets, and Save Your Business
Courtyard Grand Rapids Downtown
11 Monroe NW
Grand Rapids, MI 49503
This interactive workshop will offer unionized employers the opportunity to learn innovative business planning strategies and aggressive negotiation techniques to address what is likely the most critical challenge facing their companies: multiemployer pension withdrawal liability. In addition, the substantial impact of the Multiemployer Pension Reform Act of 2014 (“MPRA”) will be discussed and analyzed.
- 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
- Review Central States Pension Fund’s recent application to cut benefits under the MPRA, and what this and similar cuts by other funds may mean for your employees
- 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 that 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 multiemployer pension plans 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 in “critical and declining” status to cut benefits to employees and even retirees. Recently, Central States, Southeast and Southwest Areas Pension Fund filed its application to enact such cuts. However, the MPRA may also provide increased leverage for employers seeking to extricate themselves from the crushing weight of their pension obligations and furnish tools that 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. Admission is complimentary, and lunch will be served.
9:00 a.m. – Registration
9:30 a.m. – Multiemployer Pension Withdrawal Liability - Basics
10:45 a.m. – Morning Break
11:00 a.m. - Withdrawal Liability - Risks, Strategies, and Business Planning
12:00 p.m. – Lunch & Questions
Who Should Attend?
- Business Owners
- General Counsel
- Chief Operating Officers
- Chief Financial Officers
- Human Resources Professionals
Registration and Lunch Are Complimentary.
For questions about the briefing, to request any auxiliary aids or services due to a disability, or to inform us of special dietary needs, please contact Kiirsten Lederer at 212-351-4668 or [email protected]. Please note, while we request two weeks advance notice of any request for special needs at the event, good faith efforts will be made to honor all requests received closer to the event date.