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PRC statement on protecting employees, employers, and retirees when making reforms to the multiemployer pension system (October 29, 2013)

Tuesday, October 29, 2013

The Pension Rights Center submitted a statement for the Congressional record to the Subcommittee on Health, Employment, Labor and Pensions of the U.S. House Education and the Workforce Committee for a hearing titled "Strengthening the Multiemployer Pension System: How Will Proposed Reforms Affect Employers, Workers, and Retirees?"

In its statement, the Pension Rights Center opposed proposals in Solutions not Bailouts, a report prepared by the National Coordinating Committee on Multiemployer Plans, and suggested that policymakers explore alternatives to benefit cuts for retirees who are already receiving their pensions.