On October 14th, the Congressional Research Service released a report regarding policy options for multiemployer defined benefit plans. Please use the link above to read the full report.
The multiemployer pension funding crisis did not happen overnight, and a solution must be a thoughtful, holistic approach that takes into consideration all aspect of the problem from all interested parties. This is why the U.S. Chamber of Commerce, along with over 100 employers, trades, unions and plans, signed onto a letter to Congressional leadership urging them to take a holistic approach to this problem.
This week, the Joint Select Committee on the Solvency of Multiemployer Plans is holding a hearing with...
TESTIMONY BEFORE THE UNITED STATES SENATE & UNITED STATES HOUSE OF REPRESENTATIVES JOINT SELECT COMMITTEE ON SOLVENCY OF MULTIEMPLOYER PENSION PLANS FOR THE HEARING ON: EMPLOYER PERSPECTIVES ON MULTIEMPLOYER PENSION PLANS
On Wednesday, June 18, the U.S. Chamber of Commerce released a report titled The Multiemployer Pension Plan Crisis: Businesses and Jobs at Risk. The report outlines the multiemployer pension plan crisis and what it will mean for employers, participants and beneficiaries, as well as the U.S. economy in general.
Defined benefit pension plans have long been favored for retirement because they promise a guaranteed level of income and don’t require individuals to manage assets...
Several recent reports on the multiemployer pension system have underscored the depth of the financial crisis facing these plans.
Today the Joint Select Committee on Multiemployer Plans held a hearing on the financial condition of the Pension Benefit Guaranty...
From shipping to staffing, the Chamber and its partners have the tools to save your business money and the solutions to help you run it more efficiently. Join the U.S. Chamber of Commerce today to start saving.
Comments on Proposed Multiemployer Pension Recapitalization and Reform Plan
January 21, 2020 Dear Chairmen Grassley and Alexander,