Troutman Pepper Locke attorney Allen Woolley and Ted Windsor of actuarial firm Ted Windsor & Associates will discuss Multiemployer Pension Plan Withdrawal Liability (MPPAA). The session will cover withdrawal liability for employers exiting underfunded multiemployer pension plans, ensuring they pay their share of unfunded vested benefits as required by the MPPAA.

Key Discussion Points:

• What triggers withdrawal liability and how it is calculated
• The impact of plan underfunding and plan maturity
• Methods for determining liability and payment schedules, including the 20-year cap
• The process for challenging assessments, including requests for review and arbitration
• Common challenges to actuarial assumptions and data errors
• Special rules and exceptions for certain industries
• The implications of mass withdrawals
• Withdrawal liability considerations in M&A transactions

Join us on September 30 to gain essential insights into navigating withdrawal liability complexities. Whether you’re an employer, plan sponsor, or advisor, or considering an acquisition or transaction involving a business with union employees, learn about your obligations and explore strategies for managing or contesting assessments. Don’t miss this chance to hear from experienced consulting actuaries and legal professionals.

This session is approved for general MCLE credit for California, Illinois, New York (newly admitted and experienced), Pennsylvania, and Texas, and Connecticut and New Jersey (through reciprocity). Credit may be available for other states upon request, subject to state restrictions. Attendees must complete the survey before it closes to receive credit. Surveys close one week after the program date. Attendees can expect to receive their CLE certificate(s) for approved states within 30 business days of the program date. If you have any questions about CLE credits or have not received your certificate by that date, please email CLEManagement@Troutman.com.

Troutman Pepper Locke LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors through July 2025. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information, please contact Cromley Cross.