Going Through Withdrawal: Strategies to Minimize Your Multiemployer Pension Withdrawal Liability, Protect Your Assets, and Save Your Business

Chicago, IL

The Franklin

222 West Adams

2nd Floor - Monroe Room

Mark Trapp, Member of the Firm, will present "Going Through Withdrawal: Strategies to Minimize Your Multiemployer Pension Withdrawal Liability, Protect Your Assets, and Save Your Business," a lunch workshop hosted by Epstein Becker Green's Employment, Labor, and Workforce Management practice.

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 pension benefit increase with no end in sight, the very future of your company may hang in the balance. 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.

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 Multiemployer Pension Reform Act of 2014 (“MPRA”)
  • Review Central States’ pending 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

To register for this workshop, click here.

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 Lytrice Moore at (312) 499-1439 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.