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Webinar – Multi-Employer Pension Basics

Start:
January 29, 2013 10:30 am
End:
January 29, 2013 12:00 pm
Cost:
110/129/159
Organizer:
Laurie Silvey
Phone:
217-522-5512
Email:
lsilvey@ilchamber.org
Venue:
online

Taught by Attorney Ron Kramer of Seyfarth Shaw.  Register

Many employers participate in multiemployer pension plans through their union contracts — or have been asked to do so — and yet have little or no idea what participation in such funds means.  They do not understand the potential penalties for not paying fully on all covered employees, or failing to cooperate in fund audits, and do not realize that they can be subject to withdrawal liability, an assessment above and beyond the monthly contribution payments, if they get out of the fund, or close or sell the business.  They also do not understand that other trades or businesses they own, or even themselves personally, can be jointly and severally liable for that liability.  In this webinar, we will explain how multiemployer pension plans work, what obligations and rights employers have that participate in them, and what legal risks they face from that participation.

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