Application Of Retroactive Rate Assumption Defended In High Court Petition

Mealey's (June 10, 2020, 11:02 AM EDT) -- WASHINGTON, D.C. — On June 5, a respondent waived its right to weigh in on a petition for certiorari in which The National Retirement Fund asserts that the Employee Retirement Income Security Act does not bar multiemployer pension plan actuaries from applying an interest rate assumption retroactive from the measurement date when calculating withdrawal liability (The National Retirement Fund v. Metz Culinary Management Inc., No. 19-1336, U.S. Sup.)....