Joint Select Committee on Solvency of Multiemployer Pension Plans held a hearing in May seeking input from stakeholders. The committee held the hearing to improve the solvency of multiemployer pension plans and the Pension Benefit Guarantee Corporation.
“As the committee works to report on the solvency of multiemployer pension plans and the Pension Benefit Guarantee Corporation and provide recommendations to significantly improve their long-term health, I am interested in hearing from stakeholders,” Hatch said. “Information and insights, from both the public and private sectors, will be useful to the committee as it analyzes the challenges plaguing the current multiemployer pension system and works to develop solutions to strengthen retirement security for Americans across the country.”
“This committee is finally forcing Congress to treat the pension crisis in this country with the seriousness and urgency American workers deserve. Hearing directly from workers, retirees and businesses about what is at stake for them will help the committee craft the best possible solution,” said Brown.
Source: U.S. Senate