Areas of Practice
  • University of Illinois College of Law, J.D., summa cum laude, 1974
  • Yale University, B.A., 1969
Bar & Court Admissions
  • Illinois
  • New York

Edward Thomas Veal

Senior Counsel
115 South LaSalle Street
Suite 3100
Chicago IL 60603
TEL: +1 312 577 1234
FAX: +1 312 577 1370

Tom Veal brings more than 40 years of experience to the fields of ERISA, employee benefits, and executive compensation. His principal areas of practice include retirement plan design and drafting, ERISA fiduciary responsibility and prohibited transactions, multiemployer pension plans, Pension Benefit Guaranty Corporation issues, employee stock ownership plans (ESOPs), welfare benefit trusts, and retirement planning for tax-exempt organizations.

Mr. Veal is a frequent author in professional publications and periodicals, including articles in the New York University Executive Compensation and Employee Benefits Review, Bender’s Federal Income Taxation of Retirement Plans, Lexis Federal Tax Quarterly, the BNA Tax Management Compensation Journal, the Journal of Deferred Compensation, the Benefits Law Journal, and the online treatise Lexis Tax Advisor – Federal Topical. He is the co-author of Pension Plan Terminations (Bureau of National Affairs, 1998). 

Representative Matters

  • Defended a Fortune 500 company against a multimillion Pension Benefit Guaranty Corporation employer liability claim arising from the acquisition of the sponsor of a terminated underfunded pension plan, resulting in a settlement for a small fraction of the amount of the original claim.
  • Assisted several large multiemployer pension plans in complying with the funding rules of the Pension Protection Act of 2006, including resolution of areas of stator ambiguity.
  • Analyzed and defended against innovative claims for withdrawal liability brought against major corporations.
  • Assisted prominent law firm with IRC §409A issues arising from termination of its unfunded deferred compensation plan.

Selected Publications

More Publications »