The American Rescue Plan Act of 2021 includes a modified version of the Butch Lewis Act, referred to as the Emergency Pension Plan Relief Act of 2021 (EPPRA), which restores to financial health more than 100 failing multiemployer pension plans. However, the measure falls well short of any meaningful long-term funding reform. More
Paul A. Friedman
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Is Relief for the Plight of Multiemployer Pension Plans in the Works?
By Paul A. Friedman on
Posted in Employee Benefits
I – Overview of the Butch Lewis Emergency Pension Plan Relief Act
The much-heralded Butch Lewis Emergency Pension Plan Relief Act of 2021 (the “Butch Lewis Act of 2021”) is closer to becoming a reality as part of the COVID-19 relief bill, which is set for a vote in the House of Representatives on February…
Will New Stimulus Bill Include Multiemployer Pension Reform?
By Robert R. Perry, Steven D Baderian, Keith A. Dropkin & Paul A. Friedman on
Posted in Employee Benefits
What could be in the next stimulus bill in response to the COVID-19 pandemic? Congress reportedly is working on a bill (dubbed “Stimulus 3.5”) that includes additional funding for the Paycheck Protection Program created by the CARES Act. Will the new stimulus bill address long-awaited reforms to the multiemployer pension plan system?
The imminent…