[CFW]

This is a case about the interpretation of ERISA and in particular how to calculate unfunded vested benefits .

Just the type of case to keep Jackson busy without her interfering in a case of major national consequence. IMHO

[CFW]

M&K case decision:

By statute, an employer’s withdrawal liability is based on the value of the plan’s unfunded vested benefits “as of ” the last day of the plan year preceding the employer’s withdrawal, also known as the measurement date. 29 U. S. C. §1391.

The question presented in this case is whether the “as of ” language sets the measurement date as the deadline by which actuaries must select the assumptions that underlie the withdrawal-liability calculation. The Court of Appeals for the D. C. Circuit held that it does not, concluding that actuaries may select their assumptions after the measurement date. We agree.

[alancarp]

Exactly

[catnipman]

*MY* first thought was that the REAL Justices decided to throw the dog a bone on this one ...