U.S. Senate Passes Multiemployer Pension Relief as Part of COVID-19 Relief Legislation
March 6, 2021
Today, the U.S. Senate passed the Butch Lewis Emergency Pension Plan Relief Act of 2021 as part of the COVID-19 relief package-the American Rescue Plan Act of 2021. Because the Senate made some changes to the House of Representatives' version of the COVID-19 relief package, it must now return to the House for a final vote before being delivered to President Biden for his signature. That House vote is expected to take place on Tuesday, March 9.
Pension Relief Bill Clears Two Key Hurdles
March 2, 2021
Since last Friday, the Butch Lewis Emergency Pension Plan Relief Act of 2021 has passed two important milestones. First, the U.S. House of Representatives voted to pass the bill as part of the COVID-19 relief package, the American Rescue Plan Act of 2021. Then, last night, the U.S. Senate parliamentarian ruled that the pension bill can be passed through the budget "reconciliation" process.
Pension Relief Bill Advances in Congress
February 26, 2021
Today, the U.S. House of Representatives is expected to vote on the COVID-19 relief package, which includes the Butch Lewis Emergency Pension Plan Relief Act of 2021.
ACT NOW: Tell Congress and The White House to Pass Pension Relief Legislation!
February 12, 2021
New legislation is now moving through Congress that would provide relief to struggling multiemployer pension plans, including the AFM-EPF. The Butch Lewis Emergency Pension Plan Relief Act of 2021 would provide us and these other plans with the funding needed to pay earned benefits for the next 30 years. By providing urgently needed funding, the aim of this legislation is to help financially struggling multiemployer plans avoid insolvency and put themselves on more solid financial footing for the next several decades.
Treasury Department Opens Public Comment Period for AFM-EPF MPRA Application
January 22, 2021
House Democrats Introduce Emergency Pension Plan Relief Act.
On January 21, the U.S. Treasury Department posted the AFM-EPF's second application to prevent insolvency by reducing benefits through the Multiemployer Pension Reform Act (MPRA).