Representative Neal Introduces Legislation To Shore Up Failing Multiemployer Plans

Document Excerpt

House Ways and Means Committee Chairman Richard Neal introduced legislation designed to shore up failing multiemployer pension plans. The legislation known as the Rehabilitation for Multiemployer Pensions Act would establish a new federal agency known as the Pension Rehabilitation Administration with the authority to issue bonds to provide financing to such plans.

Linkhttps://waysandmeans.house.gov/media-center/press-releases/neal-introduces-bipartisan-legislation-address-multiemployer-pension

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