Vedder Thinking | News Charles Wolf Quoted Throughout a Recent Bloomberg BNA Pension & Benefits Daily
Charles B. Wolf, a Shareholder in the firm's Labor, Employment and Employee Benefits practice areas, is quoted throughout a recent Bloomberg BNA Pension & Benefits Daily article entitled, “‘Hybrid Multiemployer Plans’: An Attempt to Limit Withdrawal Liability.” This article discusses the recent transition some multiemployer defined benefits funds are making to a new variety of plan referred to as “hybrid multiemployer plans”. Mr. Wolf draws on his over 35 years experience representing employers and multiemployer funds to weigh in on this topic. In this article, he lays out what a hybrid multiemployer plan is, discusses the plan’s potential drawbacks and offers insight on why the plan “is well worth considering for an employer who can afford to pay the liability, although it is ultimately a question of business judgment (and perhaps actuarial judgment) and there are plenty of uncertainties about future events that may affect the decision making process.”
Published by Bloomberg BNA, Pension & Benefits Daily allows readers to stay on top of the latest industry news, developments and emerging trends in today's fast-paced pension and benefits arena.