Multiemployer Pensions

Is your pension at risk?

The Pension Rights Center is working with retirees around the country whose pensions have been cut or will be cut as the result of a law called the Multiemployer Pension Reform Act of 2014 (MPRA). These retirees are in certain financially troubled “multiemployer” pension plans.

Learn more about this issue

Click on the headings below to see more information.

What are multiemployer pension plans? 
Which multiemployer plans are at risk of running out of money? 
Why are some multiemployer plans in danger of running out of money?
What happens when a multiemployer pension plan runs out of money?
How are PBGC multiemployer guarantee levels calculated? 
What did the Multiemployer Pension Reform Act (MPRA) say?
What has the Multiemployer Pension Reform Act (MPRA) done?
What is being done to stop MPRA cuts and preserve plans?

Multiemployer Pensions Highlights:

Fact Sheets and Issue Papers
04/27/21

What the Butch Lewis Act Will and Will Not Do

Fact Sheets and Issue Papers
12/06/21

Common Questions about the Butch Lewis Act

The Latest on Multiemployer Pensions:

Speeches & Statements
11/07/23

Speech by Karen Friedman at the ARA Retiree Security Symposium

Karen Friedman, Executive Director of the PRC, gave a speech to attendees at the 2023 ARA Retiree Security Symposium in Washington, D.C. on October 17th. You can read her comments here.

Blogs & Newsletters
11/01/23

Pension Rescue Law Providing Critical Assistance to Growing List of Plans

By David Brandolph The Butch Lewis Emergency Pension Plan Relief Act of 2021 (BLA) continues to provide an important lifeline to financially challenged multiemployer pension plans, and in turn, has already brought monetary and mental stress relief to hundreds of thousands of retiree-plan-members, their spouses, families and their communities. As of October 27, the Pension […]

PRC In the News
09/19/23

Bloomberg Law: UAW Aims to Restore Retiree Benefits Given Up in 2008 Crisis

At the center of a historic UAW strike against all three major US automakers is an effort against long odds to reclaim retirement benefits workers conceded decades ago as manufacturers teetered on the brink of collapse. United Auto Worker union activists say they want back the guaranteed lifetime pension payments and retiree medical care they […]

Press Release
12/08/22

Butch Lewis Act saves Central States Pension Fund

FOR IMMEDIATE RELEASE  The Pension Rights Center and thousands of retired truck drivers, warehouse workers and spouses across the country are celebrating the approval of an infusion of funds that will keep the Central States Pension Fund going strong for decades to come.    The White House announced today that the Pension Benefit Guaranty Corporation (PBGC) […]

Press Release
01/24/22

Local 707 retirees in New York on road to getting benefits restored due to Butch Lewis Act and PBGC

For Immediate Release                   Contact: Karen Friedman, 202-296-3776 The Pension Benefit Guaranty Corporation (PBGC), the federal agency that backstops failing pension plans, recently announced some great news— that it has, for the fourth time in less than one month, approved financial assistance under the Butch Lewis Emergency Pension […]

Blogs & Newsletters
01/10/22

PRC Fact Sheet Answers Questions on Multiemployer Plan Rescue Law’s Implementation

By David Brandolph Last March 11 was a joyous day for the Pension Rights Center, multiemployer defined benefit plan members, plan retirees and their families. Thanks to a joint (and painstaking) seven-year effort to inform and convince Congress of the need to address the systemic threat posed by a pension plan insolvency calamity, President Joseph […]

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