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A recent case from the United States Court of Appeals for the Sixth Circuit, Local No. 499, Board of Trustees of Shopmen’s Pension Plan v. Art Iron, Inc., et al., 177 F. 4th 923 (6th Cir. 2024), clarifies a significant legal principle that owners of businesses that are obligated to contribute to multiemployer pension plans (MEP) must know when considering withdrawing from an MEP. A business is generally obligated to contribute to an MEP as a result of being a party to a collective bargaining agreement that requires such contributions.
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