I had the great pleasure of speaking with Traci Dority-Shanklin last week about the multiemployer pension environment generally and more specifically about the Butch Lewis Act (H.R. 397). It was a great conversation because Traci had a firm grip on the issues confronting multiemployer plans and the plan participants. The retirement crisis that is unfolding for participants in the more than 120 Critical and Declining plans is speeding forward and it will impact everyone (all taxpayers) if we allow these plans to fail, thus pushing them onto the PBGC.
Hopefully, you’ll find my insights beneficial. Please don’t hesitate to reach out to me if I can be a resource for you in the struggle to rescue these critically important pension systems.