Call Senators & Representatives
Protect our Pensions Today! "The GROW Act starves plans of money needed to fulfill their pension promises" It is anticipated that the United States Congress and Trump Administration will consider a final pandemic stimulus bill in the coming weeks. One of our major concerns is the potential inclusion of the Give Retirement Options to Workers (GROW) Act, which would allow multiemployer pensions trustees to divert contributions from an existing defined benefit multiemployer pension plan to a new composite plan with inferior benefits and not enough money to fund both plans. The GROW Act would subject workers and retirees to dramatic benefit cuts and allow employers to leave existing plans without paying their share of the plans' liabilities. Click Here to view recent report detailing the main problems with composite plans and the GROW Act "The GROW Act subjects workers and retirees to risk of draconian benefit cuts" Call your Senators and Congressmembers today and ask them to "oppose the inclusion of the GROW Act" in the upcoming stimulus bill. Washington
"The GROW Act allows employers to leave existing plans without paying their share of the plan's liabilities" Idaho
"The GROW Act deepens the current PBGC solvency crisis and risks a new one"
Page Last Updated: Sep 28, 2020 (09:13:44)
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