Legislative

Compliance Defined Benefit (DB) Plans Employee Benefits ERISA Financial Education (U.S.) Legislative Multiemployer Pensions Regulatory U.S.

Supreme Court Rules in Withdrawal Liability Case
Kathy Bergstrom, CEBS
 

In a unanimous ruling on May 21, the Supreme Court affirmed a circuit court decision and held that pension plans have the flexibility to update actuarial assumptions after year-end when calculating withdrawal liability rather than fixing those assumptions at the close of the prior year.

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Benefits Magazine Compliance Defined Benefit (DB) Plans Employee Benefits Financial Education (U.S.) Legislative Multiemployer Pensions Regulatory U.S.

Freezing the Frame: Supreme Court Withdrawal Liability Case to Address Timing of Actuarial Assumptions
Guest Contributor
 

In the first withdrawal liability case to reach the Supreme Court in more than three decades, the Court will consider a statutory question, whose answer will determine pension plans have the flexibility to update actuarial assumptions after year end.

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