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Sixth Circuit Weighs In On Multiemployer Plan Withdrawal Liability Assumptions - Employment and HR

On September 28, 2021, in Sofco Erectors v. Trustees of the Ohio Operating Engineers Pension Fund, No. 20-3639/3671, 2021 BL 367718 (6th Cir. Sept. 28, 2021).

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Sixth Circuit Weighs In on Multiemployer Plan Withdrawal Liability Assumptions | Akin Gump Strauss Hauer & Feld LLP

On September 28, 2021, in Sofco Erectors v. Trustees of the Ohio Operating Engineers Pension Fund, No. 20-3639/3671, 2021 BL 367718 (6th Cir. Sept. 28, 2021), the 6th Circuit Court of.

United statesAkin gump strauss hauer feldCircuit courtPension benefit guaranty corporationAkin gump strauss hauerSofco erectorsOhio operating engineers pension fundSegal blendEmployee retirement income security act

Sixth Circuit Rules Interest Rate Methodology Selected by Plan Actuary in Withdrawal Liability Calculation Violates ERISA | Ogletree, Deakins, Nash, Smoak & Stewart, P C

In a rare victory for employers that participate in multiemployer pension plans, the Sixth Circuit Court of Appeals held that the interest rate memorialized in the Segal Blend actuarial.

United statesSmoak stewartSofco erectors incCircuit courtSegal group incPension benefit guaranty corporationSixth circuit courtSegal blendSofco erectorsOhio operating engineers pension fundEmployee retirement income security actSegal groupSixth circuit

Sixth Circuit Rules Interest Rate Methodology Violates ERISA

In a rare victory for employers that participate in multiemployer pension plans, the Sixth Circuit Court of Appeals held that the interest rate memorialized in the Segal Blend actuarial assumption was inappropriate to use in a withdrawal liability calculation.

United statesSofco erectors incCircuit courtSegal group incPension benefit guaranty corporationSixth circuit courtSegal blendSofco erectorsOhio operating engineers pension fundEmployee retirement income security actSegal groupSixth circuitIxith circuitNterest rate methodology violates erisaSofco erectorsNcv trustees of the ohio operating engineers pension fund

6th Circuit Ruling Might Increase Withdrawing Employer Risk for Multiemployer Plans

The appellate court has rejected the use of the "Segal Blend" when calculating withdrawal liability.

United statesJohn lowellSofco erectors incUs circuit courtOhio operating engineers pension fundUs district courtPension benefit guaranty corporationSofco erectorsSegal blendEmployee retirement income security actSouthern districtOctober three consulting

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