Rescue for Union Pension Plans – and Maybe Union Employers
On March 11, President Joe Biden signed into law the Butch Lewis Emergency Pension Plan Relief Act of 2021, which was buried in the American Rescue Plan of 2021, on the one year anniversary of COVID-19 being declared a pandemic by the World Health Organization. The EPPRA allows eligible multiemployer plans to receive financial assistance that is not subject to any repayment obligations.
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