WebDec 20, 2024 · The Grassley-Alexander white paper creates a new tax on current and future retiree pensions, as high as 10%. Given the other proposed changes to multiemployer plans, ... The Butch Lewis Act, titled “The Rehabilitation for Multiemployer Pensions Act,” (H.R. 397) passed the House of Representatives in July, with IBEW support. This WebFeb 14, 2024 · WASHINGTON – U.S. Senators Lamar Alexander and Johnny Isakson today cosponsored the Secure and Succeed Act, which provides legal certainty for …
Pension Attack Underway in Senate; Members Urged to Mobilize
WebDec 10, 2024 · In a white paper and technical explanations, Republican Senators Charles E. Grassley (Chairman of the Senate Committee on Finance) and Lamar Alexander (Chairman of the Senate Committee on Health, Education, Labor and Pensions) have proposed reforms to the multiemployer pension plan system. WebNov 21, 2024 · The proposal from Grassley and Alexander would dramatically raise premiums multiemployer plans pay to PBGC. Under existing law, all multiemployer plans pay a flat per-head premium of $29. how many banks went bankrupt in 2008
Tell Your Senators, Don’t Tax My Retirement
WebNov 26, 2024 · On November 20, 2024, Senators Chuck Grassley and Lamar Alexander released the Multiemployer Pension Recapitalization and Reform Plan proposal. The proposal was released in the form of a white paperand a technical explanationand has not been introduced as a legislative bill yet. WebJun 16, 2024 · Chuck Grassley’s Last Act If he wins reelection in November, Iowa’s longest-serving senator would be 95 years old by the end of another term. Can the … WebNov 20, 2024 · The Grassley-Alexander plan creates a new tax on current and future retiree pensions, as high as 10%. The tax ranges from 3-10%, based on a plan’s zone status. Given the other proposed changes to multiemployer plans, all non-exempt retirees should expect to pay an additional 5-7% of their pensions to the federal government … high platform running shoes