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The Nat'l. Ret. Fund v. Domestic Linen Control Group

Court Affirms Arbitrator's Decision to Vacate Plan's Withdrawal-Liability Calculation

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OPINION AND ORDER Breakups are never easy — whether with a romantic partner or a multiemployer pension plan. The jilted party might want to stick it to the one who walked away. But while all may be fair in love and war, the same is not true when calculating how much a withdrawing employer must pay for leaving a multiemployer pension plan. Rather, the plan must use an interest rate that reflects the plan’s projected investment returns. The plan didn’t do that here. For that reason, the arbitrator’s decision rejecting the plan’s calculations will be affirmed, with a remand solely on the question of remedy. BACKGROUND The National Retirement Fund and the Board of Trustees (collectively, NRF) administer the Legacy Plan of the National Retirement Fund (the Plan). Dkt. 30 2. Domestic Linen is an employer that participated in the Plan. 4. But in 2017, it partially withdrew, and two years later, it withdrew completely.

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