Multiemployer Plan definition: Copy, customize, and use instantly
Introduction
The term "Multiemployer Plan" refers to a benefit plan in which multiple employers contribute to a single plan under a collective bargaining agreement. These plans are commonly used in industries with unionized workforces, such as construction, transportation, and healthcare. Multiemployer Plans provide retirement, health, or other benefits to employees, ensuring coverage even when workers change employers within the same industry.
Below are various examples of how "Multiemployer Plan" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Multiemployer Plan" as a pension plan
This definition ties "Multiemployer Plan" to pension benefits funded by multiple employers.
"Multiemployer Plan" means a pension plan to which more than one employer contributes, established pursuant to one or more collective bargaining agreements, and subject to applicable regulations under ERISA.
Definition of "Multiemployer Plan" as an employee benefit plan
This definition connects "Multiemployer Plan" to jointly administered employee benefits.
"Multiemployer Plan" refers to an employee benefit plan maintained by multiple employers, typically within the same industry, and administered in accordance with collective bargaining agreements.
Definition of "Multiemployer Plan" as a defined benefit plan
This definition links "Multiemployer Plan" to industry-wide defined benefit structures.
"Multiemployer Plan" means a defined benefit plan to which multiple employers contribute and which provides retirement or other benefits to covered employees, as regulated under ERISA and the Internal Revenue Code.
Definition of "Multiemployer Plan" as a jointly trusteed plan
This definition applies "Multiemployer Plan" to plans managed by employer and union trustees.
"Multiemployer Plan" refers to a benefit plan governed by a board of trustees composed of employer and union representatives, ensuring equitable administration and compliance with collective bargaining agreements.
Definition of "Multiemployer Plan" as a withdrawal liability plan
This definition ties "Multiemployer Plan" to financial responsibilities upon employer withdrawal.
"Multiemployer Plan" means a retirement or benefit plan maintained by multiple contributing employers, where an employer’s withdrawal may trigger withdrawal liability under ERISA.
Definition of "Multiemployer Plan" as a collectively bargained plan
This definition ties "Multiemployer Plan" to agreements negotiated between unions and multiple employers.
"Multiemployer Plan" means any employee benefit plan maintained pursuant to one or more collective bargaining agreements between a labor union and multiple employers.
Definition of "Multiemployer Plan" as an ERISA-covered plan
This definition connects "Multiemployer Plan" to compliance with ERISA regulations.
"Multiemployer Plan" refers to an employee pension or welfare benefit plan that is subject to the provisions of ERISA and maintained by two or more unrelated employers under a collective bargaining agreement.
Definition of "Multiemployer Plan" as an industry-wide benefits structure
This definition links "Multiemployer Plan" to employer-funded benefits in a particular industry.
"Multiemployer Plan" means a benefit plan funded by multiple employers in the same industry, providing retirement, health, or other benefits to employees across various worksites.
Definition of "Multiemployer Plan" as a federally regulated pension plan
This definition applies "Multiemployer Plan" to pensions subject to federal oversight.
"Multiemployer Plan" refers to a pension plan covering employees of multiple contributing employers, subject to federal regulations and Pension Benefit Guaranty Corporation oversight.
Definition of "Multiemployer Plan" as a labor-management trust
This definition ties "Multiemployer Plan" to joint employer-union governance.
"Multiemployer Plan" means a trust fund established jointly by employer and union representatives to provide retirement, health, or welfare benefits to covered employees.
Definition of "Multiemployer Plan" as a Taft-Hartley Act plan
This definition connects "Multiemployer Plan" to legislation governing labor-management relations.
"Multiemployer Plan" refers to a benefit plan established under the Taft-Hartley Act, funded by multiple employers and administered jointly by labor and management representatives.
Definition of "Multiemployer Plan" as a union-sponsored retirement plan
This definition links "Multiemployer Plan" to retirement benefits for unionized workers.
"Multiemployer Plan" means a retirement benefit program established for union-represented employees, funded through employer contributions under a collective bargaining agreement.
Definition of "Multiemployer Plan" as a cross-company pension fund
This definition applies "Multiemployer Plan" to pensions that span multiple employers.
"Multiemployer Plan" refers to a pension fund shared by various employers within the same industry, ensuring employees receive benefits regardless of which employer they work for.
Definition of "Multiemployer Plan" as a portable benefits plan
This definition ties "Multiemployer Plan" to benefits transferable between employers.
"Multiemployer Plan" means an employee benefit plan that allows participants to retain accrued benefits even when moving between different employers that contribute to the plan.
Definition of "Multiemployer Plan" as a shared liability retirement plan
This definition connects "Multiemployer Plan" to collective employer responsibility for funding.
"Multiemployer Plan" refers to a pension or benefit plan where multiple employers share the financial responsibility for employee benefits and potential unfunded liabilities.
Definition of "Multiemployer Plan" as a jointly administered benefits trust
This definition links "Multiemployer Plan" to governance by employer and employee representatives.
"Multiemployer Plan" means a benefits trust governed by employer and employee trustees, ensuring fair administration of retirement and welfare benefits.
Definition of "Multiemployer Plan" as a regulatory-compliant pension system
This definition applies "Multiemployer Plan" to pension systems following legal frameworks.
"Multiemployer Plan" refers to a retirement system that complies with federal and state regulations, ensuring legal protection for employer and employee contributions.
Definition of "Multiemployer Plan" as a financial pooling mechanism
This definition ties "Multiemployer Plan" to risk-sharing among multiple employers.
"Multiemployer Plan" means a pooled benefit arrangement where multiple employers contribute to a common fund to provide financial security for eligible employees.
Definition of "Multiemployer Plan" as a collectively funded healthcare plan
This definition connects "Multiemployer Plan" to employer-funded health coverage.
"Multiemployer Plan" refers to a health benefits program jointly funded by multiple employers for the benefit of unionized employees.
Definition of "Multiemployer Plan" as a retirement income security mechanism
This definition links "Multiemployer Plan" to long-term financial security for workers.
"Multiemployer Plan" means a structured pension or retirement plan that ensures continuous income for employees after retirement, supported by multiple employers' contributions.
Definition of "Multiemployer Plan" as a long-term benefit trust
This definition applies "Multiemployer Plan" to sustained employee welfare programs.
"Multiemployer Plan" refers to a benefit trust established for long-term funding of employee pensions, healthcare, or other welfare benefits, supported by employer contributions.
Definition of "Multiemployer Plan" as a union-backed pension scheme
This definition ties "Multiemployer Plan" to pension structures negotiated by unions.
"Multiemployer Plan" means a retirement plan created through union negotiations, funded by multiple employers, and administered according to collective agreements.
Definition of "Multiemployer Plan" as a union-employer financial agreement
This definition connects "Multiemployer Plan" to contractual benefit funding.
"Multiemployer Plan" refers to a financial arrangement in which multiple employers contribute to an employee benefit fund as required under a union contract.
Definition of "Multiemployer Plan" as a multi-company workforce pension system
This definition links "Multiemployer Plan" to pensions benefiting employees across firms.
"Multiemployer Plan" means a retirement system designed to provide benefits to employees working for different companies within a shared industry framework.
Definition of "Multiemployer Plan" as an employer-coordinated benefits network
This definition applies "Multiemployer Plan" to employer-supported worker benefits.
"Multiemployer Plan" refers to a benefits network in which multiple employers coordinate contributions to provide retirement or welfare benefits to employees.
Definition of "Multiemployer Plan" as a group-funded employee security plan
This definition ties "Multiemployer Plan" to financial protections for employees.
"Multiemployer Plan" means a jointly funded employee security system designed to provide income, health benefits, and pension support across multiple employers.
Definition of "Multiemployer Plan" as an intercompany benefits fund
This definition connects "Multiemployer Plan" to shared employer financial contributions.
"Multiemployer Plan" refers to a pooled benefits fund where multiple employers contribute to provide financial security for eligible employees.
Definition of "Multiemployer Plan" as a retirement savings structure
This definition links "Multiemployer Plan" to long-term savings for workers.
"Multiemployer Plan" means a retirement savings plan created to ensure employees across different employers receive structured pension benefits.
Definition of "Multiemployer Plan" as a workforce benefits agreement
This definition applies "Multiemployer Plan" to employee coverage under collective agreements.
"Multiemployer Plan" refers to an agreement between multiple employers to provide shared benefits, such as pensions or healthcare, to workers covered by a labor agreement.
Definition of "Multiemployer Plan" as a legally protected pension framework
This definition ties "Multiemployer Plan" to laws ensuring benefit security.
"Multiemployer Plan" means a pension structure designed to ensure retirement security for employees while maintaining compliance with applicable labor laws.
Definition of "Multiemployer Plan" as an industry-standard benefits model
This definition connects "Multiemployer Plan" to benefits commonly used across sectors.
"Multiemployer Plan" refers to a benefits model widely adopted in industries where workers move between employers but remain eligible for collective benefits.
Definition of "Multiemployer Plan" as a multi-party contribution system
This definition links "Multiemployer Plan" to collaborative employer funding.
"Multiemployer Plan" means a system where multiple employers contribute to a common fund for the long-term financial security of employees.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.