Some Union Pension Cuts Likely As New Federal Rules Take Shape

Source: Multiemployer Pension Reform Act of 2014 (MPRA), into law on December 16.
Central States Pension Fund Rescue Plan
Source: Central States Pension Fund, 2015

This site is an easy-to-navigate clearinghouse of comprehensive, important and up-to-date information regarding the status of Central States Pension Fund’s pension rescue planning process under the Multiemployer Reform Act of 2014 (MPRA).

Introducing the Multiemployer Pension Reform Act of 2014
Source: Andrew Douglass and Bradley Kafka, HR Magazine, Vol. 60 No. 2, March 2015

What participating employers should do to comply with the MPRA.

Lame-Duck Congress Nears Last-Minute Vote On Sweeping Pension Reform
Source: Cole Stangler, In These Times, December 3, 2015

Congress is nearing a vote on arguably the biggest change to private pension law in decades. The proposed reforms would grant sweeping new authority to the trustees of some “deeply troubled” multi-employer pension plans to slash benefits promised to current retirees—something that’s illegal under existing law. A cornerstone of some collective bargaining agreements, multi-employer plans cover more than 10 million workers, mostly in construction but also in the transportation, manufacturing, retail and service sectors. …