Tag: Bankruptcy|Benefit cutback|Congress|Legislation|Multiemployer plan|PBGC|Pension Rights Center|Red zone/ critical status|Traditional (defined benefit) pensions|Underfunding
PBGC Partition Rules Give Clear Guidance, Will Help Preserve Plans, Commenters Say
Regulations issued by the Department of Treasury and the Pension Benefit Guaranty Corporation will help troubled multiemployer plans from sliding into insolvency, but not without forcing participants and beneficiaries to make hard choices, pension professionals told Bloomberg BNA in recent interviews.
Sen. Bernie Sanders and Rep. Marcy Kaptur Act to Stop Devastating Cuts to Retirees’ Pensions
WASHINGTON – The Pension Rights Center strongly praised Senator Bernie Sanders (I-Vt.) and Representative Marcy Kaptur (D-Ohio) for introducing legislation today that would repeal the pension cutback provisions of the Multiemployer Pension Reform Act of 2014 (MPRA). The Keep Our Pension Promises Act of 2015 would preserve retirees’ pensions while providing financial relief to troubled […]
