Plans that have filed "critical and declining" status notices with the U.S. Department of Labor
The Multiemployer Pension Reform Act of 2014 gives the trustees of underfunded multiemployer plans that meet the definition of being in “critical and declining” status almost unprecedented authority to cut retiree pension benefits.
Each plan listed below has notified the U.S. Department of Labor that it is in “critical and declining” status and eligible to make certain retiree benefit reductions. Click the name of each plan listed below to see the most recent notice for each plan.
Last updated: July 5, 2016
- Read our summary of the retiree cutback provisions in the Multiemployer Pension Reform Act of 2014.
- U.S. Treasury Department page on multiemployer pension plans seeking MPRA benefit cuts.
- Pension Rights Center fact sheet, the Facts about Multiemployer Pension Plan Funding.
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Individual Retirement Accounts, or IRAs, are private accounts that allow individuals to save for retirement. Each type of IRA is governed by a unique set of rules that offer different tax benefits. Read our IRA fact sheets to learn about the different types of IRAs.