Exemption from ERISA. As a government-sponsored plan, the MCPS Employees.Declaration of policy. The bankruptcy court held that: (1) the Bankruptcy Code governs the termination of pension plans of employers in bankruptcy; (2) a pension plan. US courts will generally dismiss any collective action against the foreign member, and the foreign member will likely avoid ERISA pension liability. We have conducted a compliance audit of the Norristown Borough Laborers' Non-Uniformed. Pension Plan for the period January 1, 2019 to December 31, 2022. Plans maintained outside the United States for the benefit of non-resident foreigners are exempt. However, some of our colleagues work around the country, U.S. territories, and even overseas. More information can be found in the.