Multiemployer plans untangle reforms

Hazel Bradford
Pensions & Investments
February 10, 2015

Some multiemployer pension fund executives are trying to figure out whether to take advantage of a controversial new reform law that allows potential benefit cuts for participants and retirees. Others are hoping for further reforms to allow for alternative plan designs.

The Multiemployer Pension Reform Act of 2014 — passed swiftly in December — allows deeply underfunded plans to take unprecedented steps to avoid insolvency but comes with strings attached. It also gives federal regulators some new tactics that could help save troubled multiemployer plans (Pensions & Investments, Dec. 22).

Click here to read more at Pensions & Investments.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

More Coli Corruption Fallout in Chicago

In the wake of John Coli's indictment on the charge of taking employer payoffs, Illinois Joint Council 25 has dumped his hand-picked replacement Becky Strzechowski and appointed Terry Hancock as Joint Council 25 president. 

John Coli Indicted!

Hoffa's man in Chicago, John Coli was hit with a federal indictment today, charged with taking payoffs of $100,000 from a Chicago employer and using the power of the Teamsters Union to line his own millionaire pockets.

View More News Posts