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Chairman Scott Commends Biden-Harris Administration for Finalizing Multiemployer Pension Rescue Program

07.06.22   WASHINGTON – Chairman Robert C. “Bobby” Scott (VA-03) released the following statement after the Biden-Harris Administration finalized a rule on the Special Financial Assistance (SFA) Program created through the American Rescue Plan Act. The SFA Program averted the immediate crisis threatening the retirement security of America’s workers, retirees, and their families.  To date, the Program has operated on an interim rule and has sav… Continue Reading


ICYMI: Rescuing Retirees - Local Congressman Says Multiemployer Pension Crisis Thwarted By American Rescue Plan Funds

03.29.22   Rescuing Retirees: Local Congressman Says Multiemployer Pension Crisis Thwarted By American Rescue Plan Funds PORTSMOUTH, VA – When you pay into your retirement plan with part of your paycheck each week, you might never think that money may one day just disappear. But for millions of grocery store employees, factory workers and truck drivers across the country that became a strong – and scary – possibility.  “I don’t know what I would have done, … Continue Reading


New York-Based Multiemployer Pension Plan Celebrates Benefit Restoration Through American Rescue Plan Act

02.10.22   WASHINGTON – Today, the House Committee on Education and Labor released a new video detailing how the American Rescue Plan Act created a Special Financial Assistance (SFA) Program to avert the immediate crisis threatening the retirement security of America’s workers, retirees, and their families. The SFA program protects failing pension plans and restores prior benefit cuts so that retirees are made whole. “For years, workers, retirees, businesses, and taxpayers have been wait… Continue Reading


Education & Labor Committee Releases Multiemployer Pension Rescue Tracker

02.02.22   WASHINGTON – Today, the House Committee on Education and Labor unveiled a new Multiemployer Pension Rescue Tracker to highlight the hard-earned pensions saved and businesses protected under Congressional Democrats’ and President Biden’s American Rescue Plan Act.  The multiemployer pension crisis – which was accelerated by the COVID-19 pandemic – threatened to strip more than a million retirees of the pensions they earned over a lifetime of work, jeopardize… Continue Reading

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