Tag:

multiemployer defined benefit pension plans

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.

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.

U.S. government launches pension rescue 

In the Portland area, Plasterers Local 82 and OPEIU Local 11 could undo pension benefit cuts almost immediately.

How the COVID relief bill saves union pensions

The just-passed COVID relief bill will rescue and restore over 100 declining union pension plans.

U.S. House passes Butch Lewis Act

The bill would give federal loans to union multi-employer pension plans to prevent their collapse.

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.

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.

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