Article
Withdrawal Liability: Contesting Assessments Remains Uphill Battle As Ninth Circuit Affirms Funding Rate-Based Recalculation
The Ninth Circuit's decision in City of Tacoma v. Western Metal Industry Pension Fund addresses a critical question for employers facing withdrawal liability assessments: Can multiemployer pension funds use lower PBGC annuity rates instead of higher funding rates when calculating what departing employers owe? This case reveals the substantial financial stakes involved and the challenging legal landscape employers must navigate when contesting these assessments, even when courts have previously ruled against
Jackson Lewis P.C.