Employers are offering creative perks to attract and retain today’s workers.
Plus all the HR resources you need to be more efficient and effective this fall!
Prepare for your exam with the guidance of a SHRM-certified instructor in Boston, Oct. 24-26.
Learn how to make the business case for diversity, October 25-27.
Employers that contribute to underfunded multiemployer pension plans should think strategically about the potential impact of withdrawing from the plans and the liability they will face for exiting, employee benefits attorneys told SHRM Online.The U.S. Department of Treasury on May 6 denied a "rescue plan" proposed by the Central States Southeast and Southwest Areas Pension Fund—one of the largest multiemployer pension funds in the country. The fund has over 400,000 participants.The controversial rescue plan would have reduced about 270,000 participants' benefits beginning in July 2016, which the plan's trustees said was necessary to avoid insolvency. The trustees projected that the plan would otherwise run out of money within a decade and participants would potentially receive nothing at all.The Treasury, however, rejected the rescue plan, stating that the proposal failed to meet the following criteria:
Troubled Plans Denied Relief
Withdrawal Liability Rises
Start Planning Now
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
Join SHRM's exclusive peer-to-peer social network
SHRM’s HR Vendor Directory contains over 3,200 companies