COVID-19 Update: FAQ and Other Information for Clients

Articles Tagged with Henry Donner

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Tablet with financial reports next to man with briefcase.Given the pandemic and its effect on financial markets coupled with the loss of contribution hours in certain industries, such a construction, many defined benefit pension plans have become underfunded once again.  What may come as a surprise to contributing employers of multi-employer pension plans is the impact an underfunded pension plan can have on their business upon withdrawal from the plan.  Employers should be aware of withdrawal liability and how to minimize its financial consequences. Continue reading →

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