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Expert Analysis

Recent Trend To Expand ERISA Liability Grows

Law360, New York (April 11, 2014, 4:36 PM EDT) -- The Employee Retirement Income Security Act of 1974 requires trustees of multi-employer pension and benefit funds to collect contributions required to be made by contributing employers under their collective bargaining agreements with the labor union sponsoring the plans. This is not always an easy task, oftentimes an employer is an incorporated entity with limited assets or financial resources to satisfy its contractual obligations. In some instances, an employer will resort to filing for bankruptcy to obtain a discharge of its debts to the pension or benefit funds....

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