The American Rescue Plan Act of 2021 includes a modified version of the Butch Lewis Act, referred to as the Emergency Pension Plan Relief Act of 2021 (EPPRA), which restores to financial health more than 100 failing multiemployer pension plans. However, the measure falls well short of any meaningful long-term funding reform. More
The First Dinosaur Has Died
This is another article in our series which has focused on the deterioration and downward spiral of the multi-employer defined benefit pension fund.
Decedent: The New York Teamsters Road Carriers Local 707 Pension Fund
Date of Death: March 2017
Cause of Death: The failure of successive administrations and Congresses to
January 20, 2017; A Historical Day
This is another article in our series addressing the continued deterioration and downward spiral of multi-employer defined benefit pension funds and the resulting impact upon participants, unions and most importantly on employers.
As the American public focuses on January 20, 2017 as the beginning of the Trump administration, the day may also have historical significance…
The MPRA: One Size Fits No One
This is another in our series addressing the continuing deterioration of multi-employer defined benefit pension plans.
Regardless of the identity of the next tenant of the White House, a major item on the new administration’s domestic agenda must be curbing the continuing deterioration of multi-employer defined benefit pension plans. Hopefully any new legislation will approach…