Nova 401(k) Associates
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
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|Committee Chairmen Introduce Multiemployer Pension Plan Reform in House|
October Three Consulting
Feb. 2, 2021
"The multiemployer plan provisions of EPPRA focus on preserving the currently failing multiemployer pension system.... [T]he most significant proposed change ... would be a new partition program ... [which] seeks to achieve three main goals:  Improve the funded status of certain multiemployer pensions by partitioning off a portion of those plans to the PBGC;  Save the multiemployer fund of the PBGC with a bailout aimed at those partitions from the General Fund of the US Treasury; and  Save a remaining, better funded and therefore more stable multiemployer pension fund system, encouraging greater employer participation in these funds and with it, creation of more union jobs."
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