Blog Posts

ERISA Means What It Says And Nothing More


Seyfarth Synopsis: The Court of Appeals for the Seventh Circuit recently held that once a multi-employer pension fund accelerates withdrawal liability periodic payments into a lump sum liability, there is no statutory mechanism to revoke that acceleration. So the Court affirmed a finding that the fund’s trustees waited too long to collect on the lump sum debt when it sued more than six years after the initial acceleration.

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