What Congress can do to help families in
multiemployer pension plans
The Multiemployer Pension Reform Act of 2014 (“MPRA”) was, and remains controversial. The legislation amended the Employee Retirement Income Security Act (ERISA), which since 1974, prevented cuts to already earned retirement benefits. The law provides inadequate solutions – based on an inequitable approach to benefit modifications. Congress needs to repeal MPRA, and consider additional ways to preserve multiemployer retirement plans.
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