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...
Tag: multiemployer pension plans
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...
‘Red Zone’ Multiemployer Pension Plans May Never Recover
But with Congressional assistance, there is hope for these plans, Segal Consulting says.
Lawsuit Challenges Benefit Cuts Under the Multiemployer Pension Reform Act
Plaintiffs seek government compensation for participants “prevented from accessing their own financial property.”
Workers Urge Committee to Fix Multiemployer Pension Crisis Now
The committee was told that benefit cuts are not the answer and was urged to reform withdrawal liability rules.
As PBGC Director Works on Pension Crisis, Senators Question Trump’s Decision to Oust Him
Reeder recently told the Joint Select Committee on Solvency of Multiemployer Pension Plans that insolvency of the PBGC multiemployer program...
Benefits |
Hearing Witnesses Lay Out How Multiemployer Pensions Got Where They Are
“A combination of economic, demographic, and regulatory changes have placed a small but material segment of these plans at risk,”...
House Members Appointed to Multiemployer Pensions Committee
Senator Sherrod Brown (D-Ohio) announced he was named co-chair of the committee; however, there were no press releases at the...
Budget Bill Would Create Committee for Multiemployer Pension Reform
The law would have the committee introduce legislation to address the pension crisis by this December.
Democrats Unveil Bill to Create Rehabilitation Trust Fund
The fund would be used to make loans to multiemployer defined benefit (DB) plans that are in critical or declining...
Another Multiemployer Plan Approved for Benefits Reductions Under MPRA
Some industry experts say the process of applying for benefit suspensions is proving more stringent than applicants and industry experts...