Northwest Labor Press is an independent union-supported newspaper founded in 1900. Our print version is mailed twice a month to about 45,000 members of over three dozen local unions in Oregon and Southwest Washington. Our online version has been maintained here since 1997.
Tag:
multiemployer defined benefit pension plans
National
White House fixes union pension rescue program
Local plasterers and members of OPEIU Local 11 have reason to rejoice after final rules for the Pension Benefit Guaranty Fund were announced.
Retirement
Union group warns of serious flaws in federal pension rescue program
Pension plans that cut retiree benefits to restore solvency would face the toughest dilemma under the pension rescue rules announced July 9.
National
U.S. government launches pension rescueÂ
In the Portland area, Plasterers Local 82 and OPEIU Local 11 could undo pension benefit cuts almost immediately.
Retirement
How the COVID relief bill saves union pensions
The just-passed COVID relief bill will rescue and restore over 100 declining union pension plans.
Retirement
U.S. House passes Butch Lewis Act
The bill would give federal loans to union multi-employer pension plans to prevent their collapse.
Retirement
U.S. House committee passes bill to rescue failing union pension plans
The Butch-Lewis Act would lend money to pension plans to give them a chance to recover.
Retirement
Congress delays report on union pension fix
The Joint Select Committee on Solvency of Multiemployer Pension Plans was supposed to vote on a solution to the looming crisis in union-sponsored pensions by the end of November.
Retirement
Unions ask Congress to let distressed pensions trim retiree benefits
10 million workers are covered by multiemployer pensions, but at least half are in serious trouble
