Status of Applications to Reduce Benefits
- Alaska Ironworkers Pension Plan approved for MPRA benefit cuts, Pensions & Investments, 5/8/18
- Applications for Benefit Suspension, Department of Treasury, ongoing
- Four Pension Funds Apply for Benefits Reductions, Chief Investment Officer, 4/20/18
- Pressroom workers' pension fund applies for MPRA benefit reductions, Pensions & Investments, 4/11/18
- US Treasury Approves MPRA Benefits Reduction for Michigan Pension, Chief Investment Officer, 11/7/17
- Teamsters pension cuts to take effect despite 2-1 opposing vote, The Daily Gazette, 9/13/17
- Participants approve United Furniture Workers pension benefit cuts, Pensions & Investments, 8/28/17
- New York State Teamsters Conference fund gets OK to lower benefits, Pensions & Investments, 8/4/17
- NY Teamsters Pension Fund Reapplies for Benefits Cuts, Chief Investment Officer, 5/25/17
- Automotive Industry Pension Rescue Bites Dust at Treasury, Bloomberg BNA, 5/12/17
- Ohio carpenters multiemployer plan applies for benefit cuts, Pensions & Investments, 4/19/17
- 3 more pension funds apply to reduce benefits under MPRA, Pensions & Investments, 4/12/17
- Iron Workers pension benefit reductions to start in February, Pensions & Investments, 1/27/17
- Pension Plan Owes Rescue Petition Success to Past Rejection, BNA Pension & Benefits Daily, 12/22/16
Related News
- What happens when your pension fund runs out of money, CNN Money, 5/7/18
- Manchin details importance of securing pension plans for miners, The Register-Herald, 5/4/18
- Central States Pension Plan tells retirees the fund will be insolvent by January 2025, Kansas City Star, 5/2/18
- New Committee Hears What Led to Multiemployer Plan Crisis, Plan Adviser, 4/19/18
- 1 million Americans are counting on Congress to save their pensions, CNN Money, 4/17/18
- Senator Brown expects Trump would sign legislation rescuing multiemployer plans, Benefits Pro, 4/16/18
- Congress Looking at [Resolving Problems Facing Some Multiemployer Pension Plans], Massillon Inde, 3/29/18
- Joint Select Committee on Multiemployer Pension Plan Solvency holds organizational meeting, EY, 3/18/18
- Budget Bill Established Joint Committee on Solvency of Multiemployer Plans, Cheiron, 2/9/18
- Kroger Withdraws From Troubled Central States Multiemployer Plan, PLANSPONSOR, 12/14/17
- Retired Teamsters Facing Dramatic Pension Cuts See Hope in New Federal Legislation, Transport Topics, 12/7/17
- Lawmakers Introduce Legislation to Stop Multiemployer Plan Benefit Cuts, PLANSPONSOR, 5/10/17
- Retiree-Employee Ratios Are Dooming the Multiemployer Pension, Bloomberg BNA, 5/9/17
Background
Foundation Resources
- Confronting and Surviving Insolvency: A Guide for Multiemployer Pension Plans, Benefits Magazine, October 2017
- A Balancing Act: Deciding Whether to Pursue Benefit Reductions Under MPRA, Benefits Magazine, April 2016
- MPRA Aims to Strengthen PBGC, Benefits Magazine, February 2016
- Can a Merger Save Your Pension Plan?, Benefits Magazine, October 2015
- PPA Paradoxes Eliminated: MPRA Offers Technical Corrections...and More, Benefits Magazine, August 2015
- MPRA Guidance-What Does It Mean?, Word on Benefits blog, 7/13/15
- Finding Goldilocks: The Retiree Representative Under MPRA, Benefits Magazine, June 2015
- Multiemployer Pension Plan Reform: How Will the New Rules Impact Employers and Employees?, Benefits Magazine, April 2015
- Multiemployer Pension Reform Act of 2014, Benefits Magazine, February 2015
- What the Cromnibus Law Means for Multiemployer Pension Plans, International Foundation Word on Benefits blog, 12/15/14
Analysis & Whitepapers
- Loan Programs for Underfunded Multiemployer Plans, American Acedemy of Actuaries, May 2018
- Data on Multiemployer Defined Benefit (DB) Pension Plans, Congressional Research Service, 5/1/18
- Multiemployer Defined Benefit (DB) Pension Plans: A Primer and Analysis of Policy Options, Congressional Research Service, 3/29/18
- U.S. Chamber, National Coordinating Committee for Multiemployer Plans Release Principles for Multiemployer Pension Reform, NCCMP, 3/14/18
- The Multiemployer Pension Plan Crisis: The History, Legislation, and What's Next?, U.S. Chamber of Commerce, December 2017
- Multiemployer Pension Plans: Current Status and Future Trends, Center for Retirement Research at Boston College, November 2017
- Multiemployer Plans: Their Currrent Circumstances in Historical Context, DOL EBSA & Impaq International, September 2017
- Solutions Not Bailouts, Retirement Security Review Commission, National Coordinating Commitee for Multiemployer Plans (NCCMP), February 2013