How to Resolve an Employer’s Unfunded Pension Liability (UPL)
1. If an Employer has a union contract and either sells, goes out of business, or retires, it might have an unexpected unfunded pension liability (UPL) If they have a union pension plan.
2. An Employer should write a letter to the Union pension plan a least one year in advance to determine if they have an UPL before they discontinue their Business.
3. If the Employer does have an UPL to the Pension Trust, it is best to resolve the UPL with a written settlement. There are many circumstances where an Employer does not have to pay his UPL.
4. The pension trust and Employer can enter into a settlement to reduce their UPL where the Employer can remit a lump sum payment to the Trust Fund for a reduced amount.
5. If the Employer cannot enter into a settlement to resolve their UPL then the parties can enter into a 20 Year Agreement to pay off their UPL.
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Fundamentals of Labor Law Regarding Unions
Written by H. Sanford Rudnick,JD "Fundamentals of Labor Law Regarding Unions" is a practical guide to the principles of labor law, union relations, and proceedings before the National Labor Relations Board (NLRB). Drawing on decades of experience representing employers, the book provides valuable insight into collective bargaining, union elections, labor disputes, and employer rights and responsibilities.
The book is included in the Harvard Law School Library collection and other law school libraries across the United States, reflecting its value as a respected educational resource for students, attorneys, and business professionals.
Whether you are an employer, executive, HR professional, or business owner seeking a better understanding of labor law, this book offers a practical foundation for navigating today's complex labor relations landscape.
To order your copy for $29.95, please call 1-800-326-3046.
We're Here to Help
Navigating labor and employment issues can be challenging, but you don't have to face them alone. Whether you're dealing with a union election, collective bargaining, an unfair labor practice, pension liability, or another labor or human resources matter, my team and I are here to provide practical guidance and experienced representation.
If you have questions or would like to discuss your situation, I invite you to contact me for a confidential consultation. We'll take the time to understand your concerns, explain your options, and help you determine the best path forward.
I look forward to speaking with you.
H. Sanford Rudnick, J.D.
Union & Labor Law Expert
1-800-326-3046
(925) 352-7900
sandy@rudnickpro.com

UNION & LABOR LAW ATTORNEY FOR EMPLOYERS
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H. Sanford Rudnick and Associates
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H. Sandford (Sandy) Rudnick

