Data and Research | January 22nd, 2021 The Argument to Save Pensions by Saving Unions Some sources say growing union membership to previous levels could go a long way toward solving many of the most...
Compliance | January 19th, 2021 Stars Have Aligned for Union Pension Funding Action Sources hopeful for Congressional action say arguments about saving union pensions should be linked to the broader social and economic...
Compliance | December 16th, 2020 A Conversation With a Union Pension Funding Advocate One outspoken advocate for the Butch Lewis Act says the time is ripe for addressing the funding challenges faced by...
Compliance | October 6th, 2020 Supreme Court Denies Review of PE Firm Withdrawal Liability Case The denial lets stand an appellate court decision that two entities of Sun Capital Partners, which bought a firm that...
Compliance | August 26th, 2020 Supreme Court Asked to Weigh in on Multiemployer Plan Withdrawal Liability for PE Firms A multiemployer pension fund argues that an appellate court decision shields private equity firms that take on a withdrawing employer...
Compliance | July 21st, 2020 Senator Portman Presses Congress on Multiemployer Plan Reform In an opinion piece, the senator offers three principles he believes bipartisan efforts should follow to solve the union pension...
Data and Research | June 16th, 2020 Group Says Data From Central States Pension Fund Shows Urgent Need for Legislation Teamsters for a Democratic Union (TDU) is calling for more pressure for the Senate to pass the latest relief package...
Compliance | May 18th, 2020 Partitions May Be the Union Pension Funding Crisis Solution There is bipartisan support building around the idea of allowing the most stressed union pensions to enact “partitions” in order...
Compliance | August 7th, 2019 Lawmakers Demand Help for Union Pensions The former Republican Speaker of the House has teamed up with former Representative Joe Crowley to advocate for a solution...
Compliance | July 10th, 2019 House Committee Advances Bill to Establish Union Pension Lifeline Program The legislation aims to establish a 30-year loan program and new financial assistance for financially troubled multiemployer pension plans.
Compliance | May 15th, 2019 Congress Urged to Act Soon on Union Pension Funding Crisis Members of the Senate Finance Committee voiced frustration that lawmakers have not yet come to a solution to the multiemployer...
Data and Research | April 1st, 2019 Fewer Multiemployer Pension Plans Receive Sufficient Contributions The Society of Actuaries also found the average plan spends more to fund its unfunded liability than to fund current...
Compliance | March 19th, 2019 Bill Would Amend Voting Procedures for Multiemployer Plan Benefit Cuts The Pension Accountability Act is designed to give workers and retirees “a seat at the table” when a looming multiemployer...
Compliance | March 8th, 2019 Multiemployer Pension Plans Need Financial Help or a New Investment Model In a hearing, lawmakers heard about how the multiemployer pension plan crisis is affecting employers, employees and the economy today,...
Compliance | January 10th, 2019 Lawmaker Introduces Legislation to Address Multiemployer Pensions Crisis The bill would establish a Pension Rehabilitation Administration (PRA)—an entirely new agency within the Department of the Treasury authorized to...
Opinions | December 5th, 2018 Barry’s Pickings Online: A Burnt-Out Case Michael Barry, president of October Three (O3) Plan Advisory Services LLC, discusses the multiemployer pension plan crisis, who may be...
Compliance | November 30th, 2018 Missing Deadline, Joint Committee Continues Work on Multiemployer Pension Crisis Senators and co-chairmen Orrin Hatch and Sherrod Brown said they missed their stated deadline for voting on a package of...
Compliance | November 16th, 2018 PBGC Fiscal Year 2018 Report Highlights The pension insurance organization says the financial condition of both its single employer and multiemployer insurance programs have improved, but...
Data and Research | November 9th, 2018 Pension Analytics Group Questions Efficacy of Multiemployer Pension Loans Findings reported in a new white paper suggest that government-subsidized loans would not be an effective mechanism for preventing multiemployer...
Data and Research | October 11th, 2018 ‘Red Zone’ Multiemployer Pension Plans May Never Recover But with Congressional assistance, there is hope for these plans, Segal Consulting says.