Press Releases

On Tuesday, October 29 at 10:00 a.m., the Subcommittee on Health, Employment, Labor, and Pensions, chaired by Rep. Phil Roe (R-TN), will hold a hearing entitled, “Strengthening the Multiemployer Pension System: How Will Proposed Reforms Affect Employers, Workers, and Retirees?" The latest in a series of hearings on multiemployer pension reform, the hearing will take place in room 2175 of the Rayburn House Office Building. 

Multiemployer defined benefit pension plans are created by collective bargaining agreements. The plans are administered jointly by a board of trustees equally representing employers and union officials. Since 2011 the House Education and the Workforce Committee has been examining the challenges facing the multiemployer pension system, including changing demographics, unfunded benefit liabilities, and the projected insolvency of the Pension Benefit Guaranty Corporation. The National Coordinating Committee for Multiemployer Plans (NCCMP) has released a comprehensive proposal to reform the multiemployer pension system that includes new plan designs and additional tools for plans in deep financial distress.

Tuesday's hearing will provide members an opportunity to discuss how NCCMP’s proposed reforms might affect workers, employers, and retirees. To learn more about Tuesday’s hearing, visit /hearings.  

 

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WITNESS LIST

 

 

Mr. David Certner
Legislative Counsel and Legislative Policy Director
Government Affairs
AARP
Washington, D.C.

Ms. Carol Duncan
President
General Sheet Metal Works
Clackamas, OR

Mr. Sean McGarvey
President
Building and Construction Trades Department
AFL-CIO
Washington, D.C.

Mr. Thomas C. Nyhan
Executive Director
Central States Southeast and Southwest Areas Pension Fund
Rosemont, IL