June 12,2019

Grassley on Multiemployer Pension Plans

Prepared Floor Remarks by U.S. Senator Chuck Grassley of Iowa
Chairman, Senate Finance Committee
On Multiemployer Pension Plans
Wednesday, June 12, 2019
Congress needs to address the crisis facing multiemployer pension plans.
The Finance Committee is continuing its work on retirement income security, including issues with the multiemployer plans.
While we work to enact the first round of reforms in RESA, there’s more work to do.
We have the benefit of the Joint Select Committee’s work on multiemployer plans last year.
We know what’s going on, what’s broken and options for repairing the system.
It’s time to put pen to paper and fix these plans to protect the workers who have paid into them.