WebMay 15, 2024 · But the Emergency Pension Plan Relief Act is far more expansive. I’ve said repeatedly that a rescue package for multiemployer pension plans will need to be a compromise, with... WebMar 10, 2024 · The Butch Lewis Emergency Pension Plan Relief Act of 2024 (EPPRA), which was included in the overall rescue plan, provides sweeping and broad-based relief to troubled multiemployer pension plans. Under EPPRA, eligible plans can receive financial assistance from a new Treasury-backed Pension Benefit Guaranty Corporation (PBGC) …
Summary of the Butch Lewis Emergency Pension Plan Relief Act …
WebEmergency Pension Plan Relief Act of 2024 (EPPRA) Title I – Relief for Multiemployer Pension Plans Sec. 101. Special Partition Relief. About 10 million Americans participate … WebMar 15, 2024 · Eligible plans include: (a) those in critical and declining status, (b) those that have approved benefit suspensions, (c) those that are in critical status with a funding percentage of less than 40% with more inactive than active participants, and (d) those plans that are already insolvent. hyperthermie prostatakrebs
Will American Rescue Plan Act Multiemployer Pension ... - Jackson Lewis
WebApr 1, 2024 · The Butch Lewis Act is not a permanent guarantee, but will provide sufficient funds for pension funds to be on solid ground for decades to come. The funds must be properly managed and the union must … WebMar 2, 2024 · On Monday, March 1st, Senate Finance Committee Chair Ron Wyden released a statement reporting that the Senate Parliamentarian had determined that the multiemployer pension plan reform provisions of the American Rescue Plan, entitled the “Butch Lewis Emergency Pension Plan Relief Act of 2024” (“Butch Lewis”), has the … WebFeb 11, 2024 · Summary of the Butch Lewis Emergency Pension Plan Relief Act of 2024 February 11, 2024 By Bradford L. Rigby While the House and Senate debate the various provisions of a proposed COVID relief bill, the multiemployer plan relief provisions in the House bill released two weeks ago have changed. hyperthermie oms