Tag: multiemployer pension plans

The agency has so far approved $7.4 billion under the Special Financial Assistance Program to pension funds covering more than...

After months of operating on an interim basis, the Special Financial Assistance program for multiemployer pensions has been formally finalized...

Alongside confirming that the payment has now gone out to Local 138, PBGC this week announced it has approved a...

The denial lets stand an appellate court decision that two entities of Sun Capital Partners, which bought a firm that...

A multiemployer pension fund argues that an appellate court decision shields private equity firms that take on a withdrawing employer...

In an opinion piece, the senator offers three principles he believes bipartisan efforts should follow to solve the union pension...

Teamsters for a Democratic Union (TDU) is calling for more pressure for the Senate to pass the latest relief package...

There is bipartisan support building around the idea of allowing the most stressed union pensions to enact “partitions” in order...

The legislation aims to establish a 30-year loan program and new financial assistance for financially troubled multiemployer pension plans.

Members of the Senate Finance Committee voiced frustration that lawmakers have not yet come to a solution to the multiemployer...

The Society of Actuaries also found the average plan spends more to fund its unfunded liability than to fund current...

The Pension Accountability Act is designed to give workers and retirees “a seat at the table” when a looming multiemployer...

In a hearing, lawmakers heard about how the multiemployer pension plan crisis is affecting employers, employees and the economy today,...

The bill would establish a Pension Rehabilitation Administration (PRA)—an entirely new agency within the Department of the Treasury authorized to...