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Pension plans that have applied to cut benefits under the Multiemployer Pension Reform Act

The Multiemployer Pension Reform Act of 2014 (MPRA) gives the trustees of certain underfunded multiemployer plans that meet the definition of being in “critical and declining” status almost unprecedented authority to cut retiree pension benefits. The law requires, however, that before an eligible plan cuts benefits, it must first file an application with the U.S. Department of the Treasury, which has been given authority to implement the law. The Treasury Department has 225 days to review each plan’s application to determine if the plan has met the conditions set by MPRA necessary to cut benefits.

Below is a list of pension plans that have applied to the Treasury Department to cut retiree pension benefits. Click on the name of each plan to see its application. Where available, the chart below includes data from our list of plans that have filed “critical and declining” status notices with U.S. Department of Labor.

Total number of participants in plans that have applied to cut retiree pension benefits under the Multiemployer Pension Reform Act of 2014: more than 598,737.

*Plan has submitted a previous application that was either withdrawn or denied

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