Legislative Fixes For Union Pension Crisis Within Reach
Law360 (January 21, 2021, 10:31 PM EST) -- Congressional legislation introduced Thursday that aims to solve the multibillion-dollar funding crisis threatening union retirees' pensions has a shot at passing this year after several administrations' worth of negotiations, experts told Law360.
They anticipate that the proposal, which would make it easier for struggling union pension plans to receive government assistance, will gain the Senate support needed to put it over the finish line by the end of 2021.
"Clearly, with the Democratic control in the Senate, that makes it a lot easier," said Timothy Lynch, a senior director at Morgan Lewis & Bockius LLP who monitors legislative trends and developments....
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