Page 4 - Multiemployer Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

E 2 of the u. S. House of representatives, the clerk received the following message from the secretary of the senate on july 27, 2022, at 2 09 p. M. , that the senate agrays to the house amendment to the sneat amendment with an amendment. H. R. 4686. Signed, sincerely, cheryl l. Johnson, clerk. The speaker pro tempore for what purpose does the gentleman from michigan seek recognition . Madam speaker, pursuant to section 5 of House Resolution 1254, i move to suspend the rules and pass h. R. 623, h. R. 3952, h. R. 3962, h. R. 4551, h. R. 5313, h. R. 6933, h. R. 7132, h. R. 7361, h. R. 7569, h. R...

A new report from the Pension Benefit Guaranty Corporation (PBGC) shows that the private union pension crisis is only getting worse, and now Congress is poised to make it worse still.

The impending failure of multiemployer pensions and the PBGC program could leave millions without pensions and lead to a taxpayer bailout.

The Internal Revenue Service (IRS) has extended the deadline for amending eligible retirement plans to reflect provisions relating to plan loans and coronavirus‑related distributions under the Coronavirus Aid...

Once hailed as a bedrock of retirement security, many defined benefit pensions are now on the brink of failure. Some troubled multiemployer (union) pension plans carry debts so large that the government entity tasked with insuring them—the Pension Benefit Guaranty Corporation (PBGC)—will also soon be insolvent. If troubled pension plans do not take action to increase contributions and curb unsustainable benefits, most pensioners will receive significantly less than their companies promised them.