We believe the additional tools for deeply troubled plans that are recommended by the NCCMP, the Retirement Security Review Commission, would go a long way to help us with those plans’ survival.
Solutions not Bailouts
For decades, millions of working class Americans have relied on the hard-earned retirement benefits made possible by multiemployer pension plans. Private sector solutions can ensure that workers continue to count on these plans for generations to come without putting taxpayers at risk.
LEARN MORE ABOUT OUR PLAN
DOWNLOAD THE FULL REPORT
WHAT PEOPLE ARE SAYING
The fact that labor and management were able to come together and agree on a comprehensive proposal to protect the pensions of millions of middle-class families is a significant development.
-- U.S. Sen.Tom Harkin (D-IA), Chairman, Senate Committee on Health, Education, Labor and Pensions
Today’s report is further proof that there is no easy way to address the challenges facing the multiemployer pension system. It also serves as an important reminder that common ground can be found when stakeholders work together in good faith and are willing to make tough choices. Workers and retirees deserve no less. We commend NCCMP for its efforts and look forward to reviewing the recommendations carefully.
-- U.S. Reps. John Kline (R-MN) & Phil Roe (R-TN), House Education & Workforce Committee
The Commission’s plan represents a pragmatic, reasonable and – most importantly for taxpayers – self-sufficient approach to preserving and protecting nearly half a trillion dollars’ worth of multiemployer retirement plans.