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Employee Benefits for Employers - Winter 2015

  • December 21, 2015

In this issue:

A Troubling Expansion of Successor Liability. Under the Employee Retirement Income Security Act (“ERISA”), as amended by the Multiemployer Pension Plan Amendments Act (“MPPAA”), an employer that has assumed an obligation to contribute to and subsequently withdraws from a collectively-bargained and jointly-administered defended benefit pension plan (a “multiemployer plan”) is liable for its allocable share of any underfunding. This “withdrawal liability” has become a significant issue since 2008, due to the economic and investment impact of the recession, historically low interest rates, declining plan participation, and an increase in the number of retirees, among other things.

Insight…More on Health Care Reform in the U.S. Supreme Court Expected: Just How Far Does ERISA’s Preemption Reach? Some states are mandating that public and private health care providers, insurers, plans and third party administrators (TPAs) submit claims data and related information to their health care database, purportedly to help analyze and control health care cost and effectiveness.

Featured Lawyer: Melissa Ostrower. Ms. Ostrower is a shareholder in Jackson Lewis’ New York City office. She has extensive experience with executive compensation and all aspects of employee benefits counseling.

Recent Developments. Recent developments in benefits-related law that you need to be aware of.

Media. See which outlets Jackson Lewis’ employee benefits attorneys have recently appeared in.

Honors. The firm recently received some top rankings.

Upcoming Seminars. Join us for a benefits seminar near you!

©2015 Jackson Lewis P.C. This Update is provided for informational purposes only. It is not intended as legal advice nor does it create an attorney/client relationship between Jackson Lewis and any readers or recipients. Readers should consult counsel of their own choosing to discuss how these matters relate to their individual circumstances. Reproduction in whole or in part is prohibited without the express written consent of Jackson Lewis.

This Update may be considered attorney advertising in some states. Furthermore, prior results do not guarantee a similar outcome.

Jackson Lewis P.C. represents management exclusively in workplace law and related litigation. Our attorneys are available to assist employers in their compliance efforts and to represent employers in matters before state and federal courts and administrative agencies. For more information, please contact the attorney(s) listed or the Jackson Lewis attorney with whom you regularly work.

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