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Benefits Counselor - April 2024 - Health & Safety

In March 2024, three class action lawsuits were filed by former plan participants against plan fiduciaries in connection with pension risk transfers to Athene Holding Ltd.

Withdrawal Liability Calculation Bulk Transp. v. Teamsters Union

Seventh Circuit Orders Pension Fund To Return Withdrawal Liability To Employer - Employee Rights/ Labour Relations

An employer can contest a withdrawal liability assessment and ultimately prevail. That is the moral of Bulk Transport Corp. v. Teamsters Union No. 142 Pension Fund, No. 23-1563.

Union Pension Fund Can't Have It Both Ways: Federal Appeals Court Orders Fund to Repay Employer $2 Million | Fisher Phillips

In a classic man-bites-dog turnaround, a federal appeals court ordered a Teamsters pension fund to return approximately $2 million in withdrawal liability payments to an employer that.

Game Changer for Pension Withdrawal Liability: Seventh Circuit Orders Return of Withdrawal Liability Payments | Conn Maciel Carey LLP

Last Friday, a three-judge panel of the United States Court of Appeals for the Seventh Circuit reversed a district court’s decision upholding an arbitration award requiring an employer.