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Title: Understanding legacy liabilities

Journal Article · · Coal Age
OSTI ID:20674368
 [1]
  1. Venable, LLP (United States)

Among the most immediate issues facing operations with a workforce represented by the United Mine Workers of America (UMWA) are the so-called 'legacy liabilities'. Legacy liabilities fall under two categories: retiree health care and pension. The retiree health benefit obligations fall into two categories; statutory - those created under the Coal Industry Retiree Health Benefit Act of 1992 and contractual - the 1993 Employer Benefit Plan and the Individual Employer Plans. The pension liabilities are more straightforward; there are three different retirement plans in the NBCWA; the UMWA 1950 Pension Plan, the UMWA 1974 Pension Plan and the UMWA Cash Deferred Savings Plan of 1988.

OSTI ID:
20674368
Journal Information:
Coal Age, Vol. 110, Issue 8; Other Information: GJOssi@Venable.com; ISSN 0009-9910
Country of Publication:
United States
Language:
English