Chamber Pushes for Circuit Split Over Pension Exit Bill Credit

A concrete manufacturer’s dispute with a Teamsters pension fund drew the attention of the US Chamber of Commerce, which urged the Seventh Circuit to break from its sister circuits over how to calculate withdrawal liability.

The Chamber objects to how the pension fund calculated Consumers Concrete Corp.‘s liability after withdrawing from the fund in 2019. According to the Chamber, the company’s bill should have been reduced to account for the fund’s assessment of more than $10 million in partial withdrawal liability in 2017, but the fund instead used this amount as an offset against the pension plan’s total unfunded ...