All about risk
Excerpt:
Will this be the last filing or the first of new crop looking to position their plan for bailout money?
According to the MPRA website the Warehouse Employees Union Local No. 730 Pension Trust out of Sparks, MD filed to cut benefits.
Author(s): John Bury
Publication Date: 27 March 2021
Publication Site: Burypensions
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
Description: Details on Roofers Local No. 88 Pension Fund out of Merrillville, IN, which filed to cut benefits.
Author: John Bury
Publication Date: 13 January 2021
Publication Site: Burypensions