Justin Alex

2 months ago | mondaq.com | Justin Alex |Neil Shah

In Central States, S.E. & S.W. Pension Fund v. McKessonCorp., No. 23-cv-16770, 2025 WL 81358 (N.D. Ill. Jan. 13,2025), the district court affirmed that a multiemployer pensionplan's calculation of withdrawal liability should not haveincluded contribution rate increases imposed after the plan hadimplemented a rehabilitation plan. An employer that withdraws from a multiemployer pension plan isgenerally liable for its proportionate share of the plan'sunfunded vested benefits.

2 months ago | jdsupra.com | Justin Alex |Neil Shah

In Central States, S.E. & S.W. Pension Fund v. McKesson Corp., No. 23-cv-16770, 2025 WL 81358 (N.D. Ill. Jan. 13, 2025), the district court affirmed that a multiemployer pension plan’s calculation of withdrawal liability should not have included contribution rate increases imposed after the plan had implemented a rehabilitation plan. An employer that withdraws from a multiemployer pension plan is generally liable for its proportionate share of the plan’s unfunded vested benefits.

Jan 17, 2025 | natlawreview.com | Justin Alex

As described in further detail below, absent Congressional action, plan sponsors should take note that PBGC premium filings will generally be due one month earlier than usual for plan years beginning in 2025. This modification only applies for 2025. Under ERISA Section 4007, the PBGC determines when premium filings—the submission of required data and payment of any required premiums for PBGC-insured plans—are due.

Nov 20, 2023 | natlawreview.com | Justin Alex

Skip to main contentNovember 20, 2023Volume XIII, Number 324Legal Analysis. Expertly Written. Quickly Found. Trending NewsIRS Releases Annual Increases to Health FSA and Transportation Fringe Benefit Limits for 2024 PrintMailDownloadiOn November 9th, the IRS announced additional inflation adjustments for 2024, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits.

Aug 16, 2023 | natlawreview.com | Justin Alex

Wednesday, August 16, 2023 A recent decision by the U.S. Court of Appeals for the Sixth Circuit (Patterson v. United HealthCare Ins. Co., No. 22-3167, 2023 WL 4882436 (6th Cir. Aug. 1, 2023)) illustrates the importance of clearly describing key plan terms in the plan document and summary plan description. Incomplete documentation or disclosure can nullify rights of the plan and its sponsor.