The Pension Protection Act was signed into law in 2006 and provides strict funding rules for multiemployer plans. These rules are due to sunset in 2014 and should not be renewed.
The solution to the financial problems of multiemployer plans — those plans that are maintained under collective-bargaining agreements to which more than one employer contributes — is not found in laws that hamstring governance, discourage innovation and stifle self-sufficiency. Instead, the federal government should remove barriers that prevent troubled multiemployer plans from fixing themselves by restructuring their benefits and attracting new employee and employer participation.
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