Produce Seller Owes $62M, Pension Fund Says

By Abby Wargo (December 17, 2021, 3:59 PM EST) -- A produce wholesaler owes $62 million in withdrawal liability for pulling out of a Teamsters benefits fund, claimed a lawsuit filed in Illinois federal court.

The Central States, Southeast and Southwest Areas Pension Fund alleged Thursday in its complaint that produce wholesaler H. Brooks and Co. violated the Employee Retirement Income Security Act by failing to pay its $62 million withdrawal fee after it stopped contributing to the fund in June 2021.

According to the pension fund, "withdrawal liability payments must be made in accordance with the schedule set forth by the plan sponsor notwithstanding any request for review or demand...

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