Multiemployer Pension Plans Archives - EMPLOYEE BENEFITS BLOG

Multiemployer Pension Plans

Multiemployer Pension Plans: Addressing the Issue of Underfunding

by Todd Solomon | Aug 11, 2020 | Employee Benefits, Retirement Plans

A significant issue facing many business owners is the impact of underfunded multiemployer pension plans. This is most common, but not exclusive to, unionized businesses. McDermott Partner and Global Head of the Firm’s Employee Benefits and Executive Compensation Practice Group Todd Solomon joins Domenic Rinaldi, owner and managing partner of Sun Acquisitions, for a recent episode of the M&A Unplugged Podcast to talk about multiemployer pension plans and discuss proactive steps owners can take to get ahead of future issues regarding pension participants.

Access the podcast.

The Budget Act Makes Some Surprising Changes to Benefit Plans

by Jacob Mattinson, McDermott Will & Emery and Sarah L. Engle | Mar 6, 2018 | Employee Benefits, Employee Stock Ownership Plans (ESOPs), Retirement Plans

On February 9, 2018, President Trump signed a bipartisan budget deal into law, effectively extending federal funding through March 23, 2018. The act includes multiple provisions affecting employee benefit plans, including relaxed hardship withdrawal rules and relief for individuals affected by the California wildfires.