White Paper

The Pension-Reduction Doors Have Been Opened


ERISA protected accrued pension benefits are a think of the past.

The U.S. Department of the Treasury approved a petition from Iron Workers Local 17 Pension Fund in December 2016. The petition requested to cut benefits by an average of 20%, which was subject to a vote by the participants and beneficiaries and also put current workers in opposition with retirees. In early 2017 the results were in and the cuts were approved. 



William N. Anspach, Jr.

Much Shelist, P.C.

William N. Anspach Jr. is a principal at Much Shelist Freed Denenberg Ament & Rubenstein, P.C. His practice areas include corporate law and employee benefits. Mr. Anspach is the head of the firm’s Employee Benefits Practice. He has extensive experience in virtually all areas of employee benefits. He frequently advises diverse clients – from closely held companies to tax-exempt organizations to public companies – with respect to employee benefits matters. Mr. Anspach lectures frequently on employee benefit topics and ERISA before a variety of local and national groups. He earned a B.A. degree from the University of Michigan and a J.D. degree from the University of Illinois.

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