Supreme Court ruling on pension plan terminations
September 11, 2007
In Beck v. PACE the firm represented the United Steelworkers in briefing and argument in the United States Supreme Court on issues regarding an employer’s responsibility in termination of a single-employer pension plan. The Court ruled on June 11, 2007 (Docket No. 05-1448), that although all the assets and liabilities of such a plan can be transferred to a multiemployer pension plan, such a transfer cannot be considered a means of terminating the single-employer plan under Title IV of ERISA.