| 85-22 |
| September 11, 1985 |
| REFERENCE: |
| 4243 Reorganization Funding |
| OPINION: |
| This is in response to your request for an opinion of the Pension Benefit Guaranty Corporation (the "PBGC") as to whether |
| the * * * Reciprocal Agreement * * * operates so as to impose on certain employers and defined contribution pension plans |
| the minimum contribution requirements of Section 4243 of the Employee Retirement Income Security Act of 1974 |
| ("ERISA") or the withdrawal liability provisions of Section 4201 of ERISA. |
| As we understand the facts, the Reciprocity Agreement is entered into by the union and employer trustees of pension |
| plans, both defined benefit and defined contribution, whose participanats are represented by the * * *. The Reciprocity |
| Agreement provides for the transfer to the "home plan" of an employee of contributions made on behalf of that employee |
| by his employer when he is employed outside the jurisdiction of the * * * local union to which he belongs. The transfer |
| must be pursuant to a written authorization by the employee. Under the Reciprocity Agreement, the plan under which work |
| is performed is liable to the "home plan" only to the extent of contributions made and collected. |
| Your inquiry deals with the situation in which contributions are made by an employer to a defined contribution plan and are |
| in turn transferred from the defined contribution plan to a defined benefit plan. The employers contributing to the defined |
| contribution plan are not parties to the Reciprocity Agreement. The applicable collective bargaining agreement, entered into |
| by the * * * local and a local chapter of the * * *, does not make reference to the Reciprocity Agreement, nor does the |
| pension plan document. |
| You specifically asked whether, in view of the Reciprocity Agreement, if the defined benefit plan is in reorganization, the |
| minimum contribution requirement or other requirements of ERISA impose any obligation on the defined contribution plan |
| (other than the transfer of contributions) or on its contributing employers (beyond that of making contractually required |
| contributions to the defined contribution plan). You also asked whether, in view of the Reciprocity Agreement, if the |
| defined benefit plan is terminated at a time when it is underfunded, and all participating employers withdraw subject to |
| withdrawal liability, the employers contributing to the defined contribution plan are subject to withdrawal liability and whether |
| the defined contribution plan is subject to withdrawal liability or other liability under ERISA. |
| As * * * of my staff indicated in his * * *, letter to you, it is the general position of the PBGC that it is the plan sponsor's |
| responsibility in the first instance to determine whether a withdrawal has occurred and to determine the identity of the liable |
| employer. Disputes arising over such withdrawal liability determinations must be resolved under the dispute resolution |
| procedures of Sections 4219 and 4221 of ERISA. |
| With this caveat, we can provide some general guidance. With respect to employers, we note that Section 4203 of ERISA |
| defines a withdrawal by an employer, inter alia, as a permanent cessation "of an obligation to contribute under the plan." |
| Section 4212(a) of ERISA defines "obligation to contribute" as |
| an obligation to contribute arising -- |
| (1) under one or more collective bargaining (or related) agreements, or |
| (2) as a result of a duty under applicable labormanagement relations law, but |
| does not include an obligation to pay withdrawal liability under this section or to pay delinquent contributions. |
| The legislative history of ERISA indicates that an employer has an "obligation to contribute" to a plan if the employer has |
| agreed to make contributions to the plan on behalf of workers for work performed. In the words of Senator Williams: |
| The committees intend that the term obligation to contribute under a collective bargaining, or related, agreement apply to |
| any situation in which an employer has directly or indirectly agreed to make contributions to a plan. This includes cases in |
| which the employer signs a collective bargaining agreement or a related agreement such as a participation agreement or |
| memorandum of understanding, and cases in which the employer agreed to be bound by an association agreement. |
| 126 Cong. Rec. 11672 (1980). |
| Thus, it appears that withdrawal liability was intended to apply only to employers, as employers are the entities that |
| generate contributions to multiemployer plans. |
|
While Title IV does not define "employer" (other than in Section 4001(b)) we think it clear that a multiemployer pension plan |
|
is not an "employer" within the meaning of Title IV with respect to its participants who are employees of its contributing |
|
employers (while such a plan presumably would be the "employer" of its own employees, this situation is clearly |
|
distinguishable from that posited by you). Accordingly, defined contribution plans would not be liable for withdrawal liability |
|
for a transfer of assets from a multiemployer plan to another plan under the facts presented in your letter. Section 4234 |
|
of ERISA pertains to such transfers and notes that transfers may occur pursuant to written reciprocity agreements. Thus, |
|
with respect to defined contribution plans the existence of a reciprocity agreement would not impose any minimum |
|
contribution requirement under the facts presented in your letter. |
|
Section 4243 of ERISA does not by its own operation impose any obligation to contribute to a plan on any person. While |
|
its application by a plan in reorganization may affect the specific amount owed by a contributing employer to such a plan, |
|
that employer's responsibility to contribute to that plan is determined by the pertinent collective bargaining agreements and |
|
by applicable law generally, including such regulations as may be promulgated by the Secretary of Labor and by the |
|
Secretary of the Treasury under Sections 418B and 418C of the Internal Revenue Code. You may therefore wish to |
|
contact the Assistant Secretary of Labor for Pension and Welfare Benefit Programs and the Assistant Internal Revenue |
|
Commissioner for Employee Plans and Exempt Organizations for additional guidance. |
|
I hope I have been of assistance. If you have any questions please contact the attorney assigned to this matter, * * *, at |
|
(202) 254-4895. |
|
Edward R. Mackiewicz |
|
General Counsel |