Owner Of Withdrawing Employer Is Liable For Assessment, 7th Circuit Rules

CHICAGO - The owner of a company that withdrew from a multiemployer plan is personally liable for the company's withdrawal liability under the Employee Retirement Income Security Act, as amended by the Multiemployer Pension Plan Amendments Act of 1980 (MPPAA), because the owner owned and leased property to the company and because the owner performed independent-contractor work for a country club, the Seventh Circuit U.S. Court of Appeals ruled April 22 (Central States, Southeast and Southwest...(read more)Image may be NSFW.
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