September 07, 2022
The full D.C. Circuit won't reconsider a panel's decision that an actuary used the wrong discount rate to find that a coal mining company owed $115 million to the United Mine Workers of America pension plan, letting the company's win in the case stand.
August 08, 2022
A United Mine Workers of America pension plan urged the D.C. Circuit on Monday to rethink its decision that a plan actuary used the wrong discount rate to calculate a $115 million bill sent to a coal mining company, saying the holding conflicts with a 1991 decision of the court.
July 08, 2022
The D.C. Circuit granted a coal mining company's bid to alter a $115 million withdrawal liability penalty against it Friday, holding that a pension fund actuary improperly calculated how much the business owed by using a risk-free discount rate that wasn't based on actual investments in the plan.
October 25, 2021
A D.C. Circuit judge expressed skepticism Monday over a mining company's bid to undo a lower court order affirming a pension plan's $115 million withdrawal liability penalty against it, while also casting doubts on the pension plan's defense for using low withdrawal-liability discount rates.
December 07, 2020
A union pension plan's arbitration award upholding a $115 million withdrawal liability penalty against a PacifiCorp subsidiary relies upon a flawed reading of federal law and U.S. Supreme Court precedent, the mining company told the D.C. Circuit on Friday, arguing "inconsistent assumptions" unlawfully inflated its withdrawal liability.