The aid, which has been operating on an interim basis, has already protected nearly 130,000 individuals’ pension benefits across some 560 businesses.
Tag: Multiemployer plans
Multiemployer pension reform has been ruled eligible to be included in the $1.9 trillion COVID-19 relief package.
The provision would beef up the PBGC and provide a boost for multiemployer and single-employer plans. But it would also freeze COLAs.
Draft of plan calls for $3 billion a year to subsidize payments for retirees.