Congressional Panel Seeks Input on Multiemployer Pension Solutions

"This committee is finally forcing Congress to treat the pension crisis in this country with the seriousness and urgency American workers deserve. Hearing directly from workers, retirees, and businesses about what is at stake for them will help the committee craft the best possible solution," Sen. Sherrod Brown said.

The co-chairs of the Joint Select Committee on the Solvency of Multiemployer Pension Plans, U.S. Sens. Sherrod Brown, D-Ohio, and Orrin Hatch, R-Utah, announced April 20 that the committee is seeking input from workers, retirees, and employers as the congressional panel works to improve the solvency of multiemployer pension plans and the Pension Benefit Guarantee Corporation. The committee met for the second time that day.

The senators said input from these stakeholders will be critical to finding a solution, and Brown said more than 60,000 Ohioans' pensions are at risk and encouraged workers to provide input.

"This committee is finally forcing Congress to treat the pension crisis in this country with the seriousness and urgency American workers deserve. Hearing directly from workers, retirees, and businesses about what is at stake for them will help the committee craft the best possible solution," Brown said.

"As the committee works to report on the solvency of multiemployer pension plans and the Pension Benefit Guarantee Corporation and provide recommendations to significantly improve their long-term health, I am interested in hearing from stakeholders," Hatch agreed. "Information and insights, from both the public and private sectors, will be useful to the committee as it analyzes the challenges plaguing the current multiemployer pension system and works to develop solutions to strengthen retirement security for Americans across the country."

Stakeholders can submit comments to the committee's mailbox at JSCSMPP@finance.senate.gov. The deadline to respond is Sept. 30, 2018. All submissions will be considered part of the public record; should be clear and concise; directed at the issues that the Joint Select Committee is charged to consider; and provided in the form of an email attachment (either in Microsoft Word or text-searchable PDF file). The email containing the attachment should clearly indicate the name(s) of the author(s), contact information, and any professional affiliation.

The committee was created by the Bipartisan Budget Act of 2018. Its members include Sens. Mike Crapo, R-Idaho; Heidi Heitkamp, D-N.D.; Joe Manchin III, D-W.V.; Rob Portman, R-Ohio; Lamar Alexander, R-Tenn.; and Tina Smith, D-Minn.; and U.S. Reps. Vern Buchanan, D-Fla.; Debbie Dingell, D-Mich.; Virginia Foxx, R-N.C.; Richard E. Neal, D-Mass.; Donald Norcross, D-N.J.; David Schweikert, R-Ariz.; and Bobby Scott, D-Va.

By Nov. 30, 2018, the committee will vote on a report containing a detailed statement of findings, conclusions, and recommendations, and on proposed legislative language to carry out the recommendations described in the report.

Download Center

HTML - No Current Item Deck
  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Comply with OSHA’s Electronic Recordkeeping Requirements

    Collect relevant incident data and generate accurate OSHA 300, 300A, and 301 regulatory reports, including 300A CSV files for easy electronic submission to OSHA.

  • Complete Online Safety Training Courses

    Deliver state-of-the art, online safety training courses to your organization with IndustrySafe Training Management Software. Generate reports to track training compliance and automatically notify learners of upcoming or overdue classes.

  • Easy to Use Safety Inspection App

    Conduct inspections on the go with IndustrySafe’s mobile app. Complete safety audits at job sites and remote locations—with or without web access.

  • Track Key Safety Performance Indicators

    IndustrySafe’s Dashboard Module allows organizations to easily track safety KPIs and metrics. Gain increased visibility into your business’ operations and safety data.

  • Industry Safe
comments powered by Disqus