The U.S. Government Accountability Office reports that the number of insolvent multiemployer pension plans could more than double in the next three years. Many employers have withdrawn from these plans, and many have liquidated, unable to pay their withdrawal liability obligations. These developments expose those employers that remain to higher participation costs and the threat of greater liability, including mass withdrawal liabilities. Partner Jay McElligott and counsel Carolyn Trenda discuss the mass withrdrawal rules and their practical effect in 2014 and beyond during this webinar hosted by Bloomberg BNA.
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