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Posts from October 2017.
By Jeffrey Herman on October 16, 2017 at 1:00 PM EDT

Word "liabilities" written on a chrome carabinerBusinesses with a large number of union employees can often feel trapped in union-sponsored pension plans. This is because “withdrawal liability” — i.e., the employer’s share of an underfunded multiemployer pension plan’s liabilities — can be huge, easily in the tens of millions of dollars. However, as explained below, there is an exemption that employers in the building and construction industry can rely on to avoid withdrawal liability.

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