Withdrawal Liability and “Right to Work”: The Two Key Issues in Every Wisconsin Employer’s Next Collective Bargaining Negotiations

Racine Marriott

7111 Washington Ave. (Hwy 20)
Racine, WI 53406
(262) 886-6100

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. This workshop will also explain the significant changes brought about by the recent enactment of Wisconsin’s “right to work” law.

Attendees will:

  • Review the important changes instituted by Wisconsin’s “right to work” law
  • Learn the basics of withdrawal liability, how it is triggered, and how it impacts employers today
  • 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 that employers face in responding to an assessment of withdrawal liability
  • Build strategies for assessing and minimizing withdrawal 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. 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.

9:00 a.m. – Registration
9:30 a.m. – An Introduction to Wisconsin’s New “Right to Work” Law
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

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

Registration and Lunch Are Complimentary. Each attendee will qualify for one entry in a drawing for tickets to the Cubs/Brewers game, at Miller Park on May 9, 2015.

To RSVP, please click here.

For additional information, please contact Kiirsten Lederer at [email protected] or 212/351-4668.