Withdrawal Liability Pitfalls for Construction Industry Employers

Employers in the construction industry often use union employees subject to collective bargaining agreements. With collective bargaining agreements, contributions to multiemployer pension funds are common, potentially exposing employers to withdrawal liability. There is an important exemption from withdrawal liability under section 4203(b) of ERISA (Employee Retirement Income Security Act of 1974) for certain construction industry employers that participate in a construction trade pension fund.... By: Bond Schoeneck & King PLLC