Sending Office: Committee on Ways and Means – Minority Staff
Please join the International Brotherhood of Teamsters (IBT) for a bipartisan briefing on my legislation, the Multiemployer Pension Rehabilitation Act, HR 4444 this Friday, April 13th at 9:30 am in 2203 Rayburn House Office Building. This is
a proposal for a Federal Loan Program for underfunded multiemployer pension plans. IBT’s presentation will focus on why they believe a loan program is necessary, the structure and governance features of a loan program, and the costs associated with a loan
Multiemployer plans are collectively bargained pension plans covering employees of two or more employers. There currently are about 1,400 multiemployer plans covering about 10 million mostly working class people across the country. Among the most common
industries using these pensions are mining, trucking, retail, construction, and entertainment.
Although multiemployer pension plans have been successful historically, today a significant number of these plans have funding problems, and many of them are almost certain to run out of money. If they do, retirees, workers, and their families who rely
on these plans would lose benefits earned over a lifetime of work through no fault of their own. The pensions of truck drivers, coal miners, ironworkers, bakers, and many more would be cut significantly – putting their families’ financial security and future
Below are the details on the briefing, including the speakers. I hope you and your staff will plan to attend. If you have additional questions, please contact Kara Getz (firstname.lastname@example.org) or Deva
Date: Friday, April 13, 2018
Where: 2203 Rayburn House Office Building
John Murphy, Vice President of the International Brotherhood of Teamsters.
David Blitzstein, Blitzstein Consulting
Gene Kalwarski, Cheiron, Inc.
Peter Hardcastle, Cheiron, Inc
Judy Xanthopolous, Quantria Strategies
Jeffrey Cohen, Bailey & Ehrenberg PLLC
Ronald Ryan, Ryan ALM, Inc.
Russell Kamp, Kamp Consulting Solutions LLC
e-Dear Colleague version 2.0