SCOTUS Seeks SG’s Input in Pension Exit Bills’ Case (Correct)

The US Supreme Court invited the solicitor general to file a brief in a case asking how much flexibility pension fund actuaries have to calculate the money owed by employers that pull out of the fund, the justices announced Monday.

The petition by M&K Employee Solutions LLC centers on a circuit split over the interest rate assumptions used to calculate the withdrawal liability owed by employers when they exit multiemployer pension funds. Small changes in these assumptions—some of which attempt to forecast future investment returns—can cause large variations in an employer’s withdrawal liability assessment.

M&K says federal pension law requires ...