Webinar Recording: Pension Reform in our Time? What Butch Lewis Means for Multiemployer Plans and Participating Employers

One part of the recently passed $1.9 trillion “American Rescue Plan” is the “Butch Lewis Emergency Pension Plan Relief Act of 2021” (“Butch Lewis”).  Butch Lewis is the long awaited law designed to provide underfunded multiemployer pension plans with sufficient monies to pay for all accrued benefits owed to retirees, without reduction, through the plan year ending in 2051.  Is this the reform plans and participating employers have been looking for?  In this webinar, Seyfarth attorneys review Butch Lewis, address what it means for multiemployer plans, and discuss what it means for employers participating in those plans.

Topics will include:

• Overview of prior pension reform attempts and the state of multiemployer pension plans
• Butch Lewis as adopted
• Plan eligibility for relief and the application process
• Conditions on relief
• Impact for multiemployer plans
• Impact for participating employers

 

This recording is eligible for CLE credit in CA, IL, NY, and NJ. Credit is pending in TX.  All other jurisdictions will be applied for as requested, but please note that not all states allow for distance learning so some states will be ineligible. To request CLE credit, fill out this form and return it to CLE@seyfarth.com.  If you have questions about jurisdictions, please email CLE@seyfarth.com. CLE credit for this recording expires on 3/23/2022.