In The News

American Benefits Council: Pomeroy Perspectives - Lessons From the Lame-Duck Session

The final throes of Congress’ “lame-duck” session became a spectacle that was a wonder to behold. In the midst of tremendous commotion, and with the government on the brink of a shutdown resulting from a lack of required appropriations, the House and Senate each passed the most important multiemployer pension plan reforms since 1981. As a result of congressional action, terminally ill plans heading for insolvency will be able to restructure and preserve benefits for retirees and workers which are superior — often vastly superior — to the Pension Benefit Guaranty Corporation (PBGC) guarantees for those stuck in insolvent plans.

To read the full piece online, click here.

Posted 11:02AM on December 18 2014 by Jessica
Categories: SNB in the News