Furloughs and Layoffs: Pension and Health Plan Issues and Other Critical Legal Implications
Fiduciary Issues; Partial, Complete and Mass Withdrawals; Risks Triggered by Permanent Closures and Layoffs
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will guide employee benefits counsel on potential pension withdrawal and shutdown liability issues and other legal implications of furloughs and layoffs.
Outline
- Impact of COVID-19 on retirement plan administration
- Overview of multiemployer pension plans
- Legal implications of furloughs and layoffs
- Litigation, arbitration, and settlement approaches
Benefits
The panel will review these and other key issues:
- Critical questions to consider in the event of extended furloughs or layoffs
- Rules associated with partial and complete withdrawals that may apply in the event of furloughs or layoffs
- Legal trigger for shutdown liability
- Consequences of temporary or permanent reductions in pension plans
- Impact of joint and several controlled group exposure
- How furloughs or layoffs impact health and welfare benefits
- Best practices for employers, administrators, and employee benefits counsel
Faculty
Justin S. Alex
Senior Counsel
Proskauer Rose
Mr. Alex is a member of the firm's Employee Benefits & Executive Compensation Group. He advises private and... | Read More
Mr. Alex is a member of the firm's Employee Benefits & Executive Compensation Group. He advises private and public companies on all aspects of their employee benefits and executive compensation arrangements and plans, including the treatment of such arrangements and plans in corporate financings and transactions. In addition, he spends a significant portion of his time advising employers and financial sponsors with respect to underfunded single-employer and multiemployer pension plans. Previously, he was a lawyer in the Office of Chief Counsel at the Pension Benefit Guaranty Corporation, where he gained significant experience with pension termination and underfunding issues. He also represented the PBGC in corporate bankruptcies and federal court litigation.
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Katherine B. Kohn
Senior Counsel
Groom Law Group
Ms. Kohn is Of Counsel in Groom Law Group’s Litigation practice group. She specializes in ERISA litigation... | Read More
Ms. Kohn is Of Counsel in Groom Law Group’s Litigation practice group. She specializes in ERISA litigation relating to qualified and nonqualified retirement and health plans, with significant experience in matters involving the Pension Benefit Guaranty Corporation (“PBGC”), the federal agency that insures private single employer and multiemployer defined benefit pension plans.
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Emily Lucco
Attorney
Groom Law Group
Ms. Lucco advises clients on a variety of health law matters, counseling plan sponsors, insurers, and third-party... | Read More
Ms. Lucco advises clients on a variety of health law matters, counseling plan sponsors, insurers, and third-party administrators on a broad array of issues relating to ERISA, COBRA, the ACA, and the Mental Health Parity and Addiction Equity Act. She also advises clients on compliance issues related to wellness programs under HIPAA, the Americans with Disabilities Act, and the Genetic Information Nondiscrimination Act. Ms. Lucco represents employers designing health plans as well as insurers designing new products. Recently she has helped insurers conduct internal ACA audits of their business. She has also been involved in helping both employers and insurers defend government investigations.
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