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Mealeys

Mealey's Labor & Employment - 2nd Circuit: Interest Rate Assumption Rolls Over Automatically

NEW YORK - A panel of the Second Circuit U.S. Court of Appeals on Jan. 2 vacated a New York federal judge's decision to vacate an arbitration award, concluding that a trust fund cannot select an interest rate assumption and retroactively apply the assumption when calculating withdrawal liability (The National Retirement Fund, et al., v. Metz Culinary Management Inc., No. 17-1211, 2nd Cir., 2020 U.S. App. LEXIS 4).
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