Senate Pension Proposal

Exactly one year after the Republican’s proposal to the now defunct Joint Select Committee for Multiemployer Pension Plans, Senator’s Grassley (R-Iowa) and Alexander (R-Tennessee) have prepared a revised proposal entitled “Multiemployer Pension Recapitalization and Reform Plan” in an effort to stabilize the multiemployer pension system.
Click here for a high-level summary of key provisions from the proposed legislation.