Multiemployer Pension Plans: Addressing the Issue of Underfunding

By Todd Solomon on August 11, 2020

Posted In 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.

Tags: collective bargaining agreement, Employee Retirement Income Security Act, ERISA, M&A, Multiemployer Pension Plans, PBGC, Pension Benefit Guaranty Corporation, RESA, Retirement Enhanced and Savings Act, transactions multiple employer plans, underfunding, Unions, Withdrawal Liability

Todd Solomon
Todd A. Solomon focuses his practice on designing, amending and administering pension, profit sharing, 401(k), employee stock ownership and 403(b) plans, as well as nonqualified deferred compensation arrangements. He also counsels privately and publicly held corporations and tax-exempt entities regarding fiduciary issues under the Employee Retirement Income Security Act (ERISA), employee benefits issues involved in corporate transactions, executive compensation matters and the implementation of benefit programs for domestic partners of employees.Read Todd A. Solomon's full bio.

Multiemployer Pension Plans: Addressing the Issue of Underfunding

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