Senate Parliamentarian Ruling Keeps Pension Bailout Alive
Multiemployer pension reform has been ruled eligible to be included in the $1.9 trillion COVID-19 relief package.
Multiemployer pension reform has been ruled eligible to be included in the $1.9 trillion COVID-19 relief package.
The VirginiaSaves program would require mandatory participation by eligible employers.
The city’s five pension systems have returned an estimated 18% in the first seven months of fiscal 2021.
A second straight year of double-digit growth boosted global pension asset values to $52.5 trillion.
The provision would beef up the PBGC and provide a boost for multiemployer and single-employer plans. But it would also freeze COLAs.