Legal Opinion
Artistic Carton Company v. Paper Industry Union-Management Pension Fund
Court of Appeals for the Seventh Circuit
Decided August 10, 1992No. 91-1801PublishedCited by 21 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
With the Employee Retirement Income Security Act of 1974 came a form of pension insurance. On the termination of a pension plan whose assets are insufficient to pay all vested benefits, the Pension Benefit Guaranty Corporation covers some or all of the unfunded remainder. This gives pension funds an opportunity, and hence an incentive, to “put” unfunded promises to the PBGC. Because the PBGC can recover from the plans’ sponsors, the opportunity to back out is not attractive to solvent corporations managing their own pension plans. In some industries, however, many…
2Cases cited10 opinions
- Pension Benefit Guaranty Corporation v. RA Gray & Co.Supreme Court of the United States · 1984
- Connolly v. Pension Benefit Guaranty CorporationSupreme Court of the United States · 1986
- Jones & Laughlin Steel Corp. v. PfeiferSupreme Court of the United States · 1983
- Mars Steel Corp. v. Continental Bank N.A.Court of Appeals for the Seventh Circuit · 1989
- Trustees of Iron Workers Local 473 Pension Trust v. Allied Products CorporationCourt of Appeals for the Seventh Circuit · 1989
5 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Operating Engineers Local 139 Health Benefit Fund v. Gustafson Construction CorporationCourt of Appeals for the Seventh Circuit · 2001
- Jos. Schlitz Brewing Company and the Stroh Brewery Company v. Milwaukee Brewery Workers' Pension Plan, Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1993
- Bakery & Confectionary Union & Indus. Int'l Pension Fund v. Just Born II, Inc.Court of Appeals for the Fourth Circuit · 2018
- Chicago Truck Drivers, Helpers & Warehouse Workers Union (Independent) Pension Fund v. CPC Logistics, Inc.Court of Appeals for the Seventh Circuit · 2012
- Central States, Southeast and Southwest Areas Pension Fund, Cross-Appellee v. The Sherwin-Williams CompanyCourt of Appeals for the Seventh Circuit · 1995
16 more not listed; retrieve them via the Exa API.