Sen. SherrodBrown, D-OH, and Rep. Richard Neal, D-MA, ranking member of theHouse Ways and Means Committee, recently released news of the lowerfigure. (Photo: Shutterstock)
The Butch Lewis Act, a bill that would rescue more than 100multiemployer pensions that are projected to go insolvent, that cover atotal of 1.3 million workers and retirees, would add $34 billion tothe U.S. debt over ten years, according to the Congressional BudgetOffice.
That's considerably less than a previous provisional score ofthe bill, which CBO put at more than $100 billion.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
