On Nov. 20, Senate Republicans introduced an alternative for addressing the multiemployer pension plan crisis. This plan differs greatly from the House-passed Butch Lewis Act. While it makes positive structural reforms to the multiemployer pension plan system, it also raises questions on how it would impact plans and contributing employers. AGC will continue to advocate for a package that provides employees and employers with viable options for addressing pension funding shortfalls and allows for greater plan flexibility. For further information on the Senate plan, view the White Paper and Technical Explanation.
For more information, contact Jim Young at email@example.com or (202) 547-0133.