WebJan 20, 2024 · However, what solution Congress will come up with is somewhat difficult to predict, as there are competing proposals for reforming the multiemployer system. One is … WebFeb 11, 2024 · The House Ways and Means Committee has included a pension reform provision in a COVID-19 relief bill that would create a special financial assistance program to help multiemployer pension plans and extend amortization periods for single-employer plans. The Butch Lewis Emergency Pension Plan Relief Act of 2024, which is included …

House Includes Pension Reform Plan in COVID-19 Relief Bill

WebDec 11, 2024 · The Butch Lewis Act makes clear its intent to stand behind 100 percent of promised multiemployer pension benefits, even reinstating benefits that have already been reduced. Thus, the bill’s long ... WebDec 6, 2024 · The Butch Lewis Emergency Pension Plan Relief Act is legislation to help severely financially troubled multiemployer plans meet their benefit obligations to retired participants. It was included as part of the American Rescue Plan Act of 2024, which … the shaggers

S.547 - Butch Lewis Emergency Pension Plan Relief Act of 2024

WebJul 6, 2024 · And that’s the promise I’ve kept when I — I included the Butch Lewis Act in the American Rescue Plan. (Applause.) Now, multi-employer plans will remain solvent for decades to come at least ... WebJun 23, 2024 · Posted in Butch Lewis Emergency Pension Plan Relief Act, Multiemployer Pension Plans, Withdrawal Liability In the clamor that surrounded the current administration’s adoption of the American Rescue Act of 2024 (ARPA), quietly tucked in as Subtitle H is the Butch Lewis Emergency Pension Plan Relief Act of 2024 (Butch Lewis). WebFeb 2, 2024 · Like the Butch Lewis Act, eligible plans would include plans in critical and declining status, plans with significant underfunding with more retirees than active workers, plans that have suspended benefits, and certain plans that have already become insolvent. my roommate is a gumiho drakorindo