In Withdrawal Liability Reversal, Panel Cites MPPAA’s Best Estimate Requirement

Mealey's (July 11, 2022, 11:53 AM EDT) -- WASHINGTON, D.C. — Ruling that using a risk-free discount rate to calculate a company’s withdrawal liability violated the Multiemployer Pension Plan Amendments Act (MPPAA) “command to use assumptions that are ‘the actuary’s best estimate of anticipated experience under the plan,’” a District of Columbia Circuit U.S. Court of Appeals panel on July 8 reversed a ruling against the company....

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