Tue July 9th, 2019
Sponsor: Rep. Richard Neal — D — MA
Establishes the Pension Rehabilitation Administration within the Department of the Treasury and a related trust fund to make loans to certain multiemployer defined benefit pension plans. To receive a loan, a plan must be (1) in critical and declining status, including any plan with respect to which a suspension of benefits has been approved; (2) in critical status, have a funded percentage of less than 40%, and have a ratio of a...
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