Marc Dann and Leo Jennings III
Working Class Perspectives
Federal officials have floated a number of proposals for dealing with the dilemma of underfunded multi-employer pension plans. Most have one thing in common: they punish the innocent victims. The contrast with the bailout of bankers is striking.
In 2006, Congress passed the "Pension Protection Act", which had a devastating effect on single-employer defined benefit pension plans. Now Congress is looking to do the same to multi-employer pension plans.