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Battle Over N.Y. Times Pension Liability Grows

Nov. 8, 2018, 4:38 PM

Benefits consulting firm The Segal Group Inc. is defending its signature method for calculating employers’ withdrawal liability when they leave pension plans for unionized workers.

The underlying dispute between the New York Times and a union pension fund asks whether the “Segal Blend,” which is used by more than 250 of the country’s 1,400 multiemployer pension plans, is an appropriate method for determining an employer’s liability upon exiting a plan. Segal said yes in a Nov. 7 brief filed in the U.S. Court of Appeals for the Second Circuit, calling the blend a “principles-based” and previously uncontroversial method that’s been ...