M & K Employee Solutions, Inc. v. Trustees of IAM Nat. Pension · ¶40

Section 1393, the section of ERISA that governs the use of actuarial assumptions for assessing withdrawal liability, confirms that the measurement date is not a deadline by which actuaries must select their assumptions. Indeed, § 1393 provides no deadline at all. The statute merely says that the actuary's assumptions must be “reasonable,” must “tak[e] into account the experience of the plan and reasonable expectations,” and must “offer the actuary's best estimate of anticipated experience under the plan.” § 1393(a)(1). We generally do not read limitations into statutes that do not appear in their text, Romag Fasteners, Inc. v. Fossil Group, Inc., 590 U. S. 212, 215 (2020), and we discern no basis for doing so here.

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