Last Updated: Tuesday, May 22, 2018

Central States Webinars

Voices for Pension Security Participant Webinar
May 2, 2018

Joint Select Committee Hearings

The Structure and Financial Outlook of the Pension Benefit Guaranty Corporation
May 17, 2018

Hearing on The History and Structure of the Multiemployer Pension System
April 18, 2018

Open Executive Session to Organize the Joint Select Committee
March 14, 2018

What Others Are Saying

“Through no fault of their own, these workers and retirees who contributed to their retirement over a lifetime of work can no longer count on receiving the pension they’ve worked for, planned for and depend on. That’s not right and that’s not fair. It’s time for Washington to respect the hard work of American workers and make sure the promises made to them are kept. “ – Sen. Tammy Baldwin (D-WI)
Letter from Senator Tammy Baldwin to Constituents About Protecting Multiemployer Pensions
April 26, 2018

“Our pensions – and the pensions of over one million Americans in critical and declining status pension plans – are at risk of disappearing within several years…We are open to listening to all solutions, and we understand the political and financial challenges you must overcome to pass legislation for Congress’ expedited consideration.” – National United Committee to Protect Pensions
Letter from National United Committee to Protect Pensions to Members of Joint Select Committee
April 6, 2018

“It is our hope that the committee will craft a solution to this problem that addresses the shortcomings of the pension systems and the solvency of the Pension Benefit Guaranty Corporation.” – Reps. Gallagher (R-WI), Fortenberry (R-NE), Gibbs (R-OH), Johnson (R-OH), Faso (R-NY), Duffy (R-WI) and Joyce (R-OH)
Letter from Seven House Republicans to Joint Select Committee Co-Chairs
March 19, 2018

“If we don’t reach a solution, after all the devastation and all those lives upended, taxpayers will be on the hook for tens of billions of dollars to the PBGC. This committee gives us the opportunity to avoid all of that – to protect businesses, workers, taxpayers, and the Main Street economy.” – Sen. Sherrod Brown (D-OH)
Brown Opening Statement at Joint Pension Committee Meeting
March 14, 2018

“Multiemployer pension plans, like other retirement savings programs, have faced a number of challenges in recent years... We need to understand the magnitude of the financial shortfall among plans considered critical and declining, determine the likelihood of other plans falling into this status, and meaningfully evaluate the various proposals that have been offered to address this situation.” – Sen. Orrin Hatch (R-UT)
Hatch Opening Statement at Joint Select Committee on Pensions Organizing Meeting
March 14, 2018

“With the retirement security of millions of Americans on the line, now is the time to put our heads together for the good of these retirees and the economic benefit of all Americans.” – Rep. Luetkemeyer (R-MO)
Letter from Rep. Blaine Luetkemeyer (R-MO) to Speaker Ryan and Chairwoman Foxx
March 8, 2018

Other Resources

Multiemployer Defined Benefit (DB) Pension Plans: A Primer and Analysis of Policy Options
Congressional Research Service
March 29, 2018 

Joint Select Committee Structure, Procedures, and CRS Experts
Congressional Research Service
February 20, 2018

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
December 2017 

2017 Annual Report
Pension Benefit Guaranty Corporation
November 15, 2017

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