December 06,2019

Broad Showing of Support for Grassley-Alexander Pension Proposal

Stakeholders, Experts Weigh In on Grassley-Alexander Plan to Shore Up Failing Multiemployer Pension System

“We applaud the dedicated leadership of Senate Finance Committee Chair Chuck Grassley and Senate Health, Education, Labor and Pensions Committee Chair Lamar Alexander, for this vitally important step towards solving the vexing multi-employer pension challenge.”
The American Bakers Association has represented the American wholesale baking industry since 1897

“Business Roundtable applauds Chairmen Grassley and Alexander for their efforts to strengthen the multiemployer pension plan system and safeguard the retirement benefits of millions of employees and their families.”
Business Roundtable is an association of chief executive officers of America’s leading companies working to promote a thriving U.S. economy and expanded opportunity for all Americans through sound public policy

“The multiemployer pension crisis will not resolve itself absent forceful action by lawmakers. Whether on Grassley-Alexander or on a parallel approach, lawmakers must act.”
Charles Blahous is the J. Fish and Lillian F. Smith Chair and Senior Research Strategist at the Mercatus Center at George Mason University. Blahous specializes in domestic economic policy and retirement

“The ERISA Industry Committee applauds Senators Grassley and Alexander for moving forward to address the crisis in the multiemployer pension system. Since this crisis impacts plan sponsors of all sizes and across the country, it must be addressed comprehensively to ensure the protection of retirement benefits for millions of workers.”
The ERISA Industry committee represents companies from every sectory of the economy in their capacity as sponsors of employee benefit plans for their own workforce

“The Association… commends the leadership of Senate Chairman Grassley and Senate Chairman Alexander in developing a comprehensive solution to address the crisis facing the multiemployer pension system.”
The Association of Food and Dairy Retailers, Wholesalers and Manufacturers respresents over 1 million associates nationwide, including businesses like Kroger, Kellogg’s, Aramark and Nestle

“Senator Grassley and Senator Alexander’s release of a draft multiemployer pension proposal is the latest indication of the building momentum in America to protect millions of retirees and workers who are at risk of losing their pension benefits. This is a step in the right direction…”
The Retirement Security Coalition comprises a diverse group of employers, labor unions and policy experts

“The U.S. Chamber of Commerce commends Senators Grassley and Alexander for their efforts on their multiemployer pension funding relief proposal. If left unchecked, this problem could endanger the economic vitality of employers, employees, retirees and their communities.”
The U.S. Chamber of Commerce is the world’s largest business organization representing the interests of more than 3 million businesses of all sizes, sectors, and regions