When Congress created the Joint Select Committee on Solvency of Multiemployer Pension Plans in the Bipartisan Budget Act of 2018, it spelled out a straightforward objective for lawmakers.
"The goal of the joint committee is to improve the solvency of multiemployer pension plans and the Pension Benefit Guaranty Corporation," according to language in the Budget Act.
But solving the existential threat to as many as 200 collectively bargained multiemployer pensions and the PBGC—the government agency that insures private-sector pensions—will be anything but simple.
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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.
