Sending Office: Honorable Peter T. King
The purpose of this letter is to ask you to join us in co-sponsoring the Rehabilitation for Multiemployer Pensions Act of 2019 (the Butch Lewis Act, H.R. 397).
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
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, some already have. Retirees, workers, and their families who
The Rehabilitation for Multiemployer Pensions Act would save these retirees and workers benefits through a private-public partnership. Under the proposal, private investors would be able to purchase highly attractive, long-term Treasury Bonds backed
Richard E. Neal Peter T. King
Member of Congress Member of Congress
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