Multiemployer Pension Reforms

The Pension Benefit Guaranty Corporation (PBGC) just confirmed what Republicans knew to be true, but Democrats refused to admit: the taxpayer-funded bailout of failing and insolvent multiemployer pension plans will fail. Despite a massive influx in taxpayer dollars, PBGC is still on track for insolvency. What’s equally concerning, the price tag for the program continues to rise. When Democrats pas... Read more »

Today, Republican Leader of the Education and Labor Committee Virginia Foxx (R-NC) and Republican Leader of the Health, Employment, Labor, and Pensions Subcommittee Rick Allen (R-GA) submitted a comment letter to Pension Benefit Guaranty Corporation (PBGC) Director Gordon Hartogensis regarding the interim final rule implementing the taxpayer-funded bailout of failing and insolvent multiemployer pe... Read more »

Today, Republican Leader of the Health, Employment, Labor, and Pensions Subcommittee Rick Allen (R-GA) delivered the following opening statement, as prepared for delivery, at a hearing on building a stronger retirement system: "We all want a long and happy retirement. Individuals work for decades and diligently save money to have peace of mind for when they retire. "And for decades, this Committee... Read more »