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House HELP Subcommittee Hearing: Time to Modernize Multiemployer Pension System
Subcommittee on Health, Employment, Labor, and Pensions, Committee on Education and the Workforce, U.S. House of Representatives
Apr. 29, 2015
" 'We need new tools in our toolbox to address the challenges which were not contemplated when multiemployer pension rules were initially put in place,' said Andrew Scoggin, Vice President of Albertson's LLC. 'Congress needs to equip employers and employees with the regulatory flexibility necessary to make changes to benefits programs that do not run afoul of beneficiaries, their employers, or the system as a whole.' ... Randy DeFrehn, Executive Director of the [National Coordinating Committee for Multiemployer Plans], described the composite plan model as the 'next logical step in the evolution' of multiemployer plans."
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