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For some time, the Central States, Southeast and Southwest Areas Pension Fund has been considering adopting an alternative method of calculating withdrawal liability. On August 4, 2011, Central States announced that its Board of Trustees amended the pension plan to provide for a hybrid method of calculating withdrawal liability that would become effective upon approval by the Pension Benefit Guaranty Corporation (“PBGC”). A copy of the Fund’s announcement can be located here [link].

If you would like a copy of HM’s fact sheet on Central States’ direct attribution and a copy of Central States’ response, please email Andy Martone at andymartone@hessemartone.com