WebDec 2, 2024 · Senators Grassley and Alexander have finally put forward the Republicans’ white paper to address the crisis faced by several multiemployer pension plans. As it stands, their proposal will not only injure the retirees and active participants it purports to help, it also will precipitate the collapse of all multiemployer pension plans. WebNov 20, 2024 · The Grassley-Alexander plan creates a new tax on current and future retiree pensions, as high as 10%. The tax ranges from 3-10%, based on a plan’s zone status. Given the other proposed changes to multiemployer plans, all non-exempt retirees should expect to pay an additional 5-7% of their pensions to the federal government …
Pension Attack Underway in Senate; Members Urged to Mobilize
WebJun 30, 2024 · The Grassley-Alexander plan would provide relief to the failing plans, and without an up-front benefit cut. It would restore the benefit cuts that some plans chose to … WebFeb 27, 2024 · (a) NTIA food and agriculture cybersecurity clearinghouse.— (1) E STABLISHMENT.— (A) I N GENERAL.—Not later than 180 days after the date of the enactment of this Act, the Assistant Secretary shall establish in the NTIA a food and agriculture cybersecurity clearinghouse (in this section referred to as the … gps wilhelmshaven personalabteilung
Multiemployer Pension Recapitalization and Reform Plan
WebNov 20, 2024 · Senator Charles E. Grassley (R -IA) Senator Lamar Alexander (R-TN) Chairman Chairman . Senate Committee on Finance Senate Committee on Health, Education, Labor and Pensions . ... benefits under the Multiemployer Pension Reform Act of 2014 (MPRA);9 or . Multiemployer Pension Reform Act of 2014 (“MPRA”), Pub. L. No. … WebFeb 18, 2024 · Senators Chuck Grassley (R-Iowa) and Lamar Alexander (R-Tenn) have introduced a pension bill, the “Multi-employer Pension Recapitalization and Reform Plan,” to deal with the crisis affecting … WebDec 10, 2024 · In a white paper and technical explanations, Republican Senators Charles E. Grassley (Chairman of the Senate Committee on Finance) and Lamar Alexander (Chairman of the Senate Committee on Health, Education, Labor and Pensions) have proposed reforms to the multiemployer pension plan system. gps wilhelmshaven