Multiemployer pension and benefit plans

{
  "id": "MLC-T-INS-002250",
  "term": "Multiemployer pension and benefit plans",
  "field": "Insurance and risk management",
  "definition": "Retirement or welfare benefit plans maintained under one or more collective bargaining agreements to which more than one employer is required to contribute. These plans, also known as Taft-Hartley plans, allow workers in industries with transient employment, such as construction or trucking, to accumulate benefits from different employers. The plans are governed by a joint board of trustees with equal representation from labor and management, as mandated by the Labor Management Relations Act of 1947.",
  "subject": "Employment Practices Liability",
  "url": "https://mlchart.com/terminology/insurance/multiemployer-pension-and-benefit-plans/"
}