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Committee Chairmen Introduce Multiemployer Pension Plan Reform in House
October Three ConsultingLink to more items from this source
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: [1] Improve the funded status of certain multiemployer pensions by partitioning off a portion of those plans to the PBGC; [2] Save the multiemployer fund of the PBGC with a bailout aimed at those partitions from the General Fund of the US Treasury; and [3] 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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