PRC Perspectives Blog

Recently issued Department of Labor guidance is an important step toward resolving the “missing participants” problem.  

While Americans of all ages are cheering the prospect of vaccinations, the pandemic has already “put older people’s economic well-being at risk,” Mary O’Donnell, president of the RRF Foundation for Aging, said in an important and timely op-ed recently published in Crain’s Chicago Business.

(Update: February 12, 2021. The Lost and Found provisions of the Warren/Daines bill are included in the Securing a Strong Retirement Act of 2020 (H.R. 8696). It is likely that this bill will be reintroduced into Congress in 2021.)

PRC is thrilled that on May 15, as part of the latest COVID-19 relief bill (known as the HEROES Act), the House of Representatives passed the well-crafted Emergency Pension Plan Relief Act (EPPRA) to shore-up underfunded multiemployer pension plans. We urge the Senate to ensure that EPPRA’s provisions are retained in any compromise bill it works out with the House.