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The Pension Rights Center agrees that many multiemployer pension plans are in financial distress right now, and that reforms are needed, but it told a House committee this week that it doesn’t agree with the idea of cutting existing benefits to retirees.

It told lawmakers considered legislation to address the issue that a recent report by the National Coordinating Committee on Multiemployer Plans includes some good ideas for how to reform the future of multiemployer plans. Those ideas include the concept of alliances, clarifying Pension Benefit Guaranty Corp. authority to facilitate mergers, and innovative pension plan designs.


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