Outdated rules and regulations have kept multiemployer pension plans from modernizing to keep pace with changes in the economy. If Congress doesn’t act, millions of American workers are at risk of outliving their retirement savings.
A coalition of workers, large and small business owners, and unions are calling on Congress to approve the GROW Act, which will strengthen and modernize the multiemployer pension system by allowing for composite plans. But every day that Congress waits, the harder this problem becomes to solve.
Read why Congress needs to act now to protect the multiemployer pension system.