WebJul 9, 2024 · Unlike the previously introduced Butch Lewis Act, the payment a multiemployer plan would be able to receive under the legislation is not a loan, so there is no obligation to repay it. The Pension Benefit Guaranty Corporation (PBGC) has issued an interim final rule that lays out the requirements for special financial assistance (SFA ... WebMar 2, 2024 · – Today, U.S. Sen. Sherrod Brown (D-OH) formally reintroduced his Butch Lewis Act, legislation to build on his years-long fight alongside Ohio retirees, …

Brown, Smith, Manchin, Schumer Reintroduce Butch Lewis Act…

WebMar 10, 2024 · Butch Lewis EPPRA Has Passed! Wednesday March 10th, 2024. Good News: The American Rescue Plan, including the Butch Lewis Emergency Pension Plan Relief Act of 2024, was enacted by the U.S. House of Representatives today and will be signed into law this week — a victory that will protect the pensions of thousands of AFM … WebJul 24, 2024 · The Butch Lewis Act, led by Senator Brown, is essential to address the multiemployer pension crisis that could shatter the financial futures of millions of middle … human rights watch contact email

What the Butch Lewis Act Will and Will Not Do - Pension Rights Center

WebJul 26, 2024 · The Butch Lewis Act would address the pension crisis by creating a new office within the Treasury Department called the Pension Rehabilitation Administration … WebJan 20, 2024 · One is HR 397, the Rehabilitation for Multiemployer Pensions Act, also known as the “Butch Lewis Act,” which would create a federally backed loan program for struggling plans. The bill passed the House in 2024, but got stuck in the Senate because Republican leaders are opposed to providing direct loans to plans. WebMar 22, 2024 · The Butch Lewis Act does require that federal distributions into the underfunded pensions must be invested in low-risk investment grade bonds. But it … hollon b-rated cash safe