Potential Pitfalls in Union Pension Relief Program
The relief included in the latest stimulus program is a major win for stressed union pensions, but sources say there...
Tag: multiemployer pension plans
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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...
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...
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...
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,...
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 |
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...
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...
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...
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...