Democrats Introduce Bill to Protect Pensions, Expand PGBC’s Power

Link: https://www.ai-cio.com/news/democrats-introduce-bill-protect-pensions-expand-pgbcs-power/

Description: Bill introduced in House of Representatives – EPPRA (Emergency Pension Plan Relief Act of 2021) intended for multiemployer pension protection. Boosts PBGC MEP guarantee, stops benefit reductions, allows for partition of failing MEPs. Similar provisions had been in HEROES bill in 2020 (not passed).

Author: Michael Katz

Publication Date: 22 January 2021

Publication Site: ai-CIO