Taft-Hartley

Taft-Hartley

Medicare-for-All: Taft-Hartley Benefits Summit to look at the implications of a single-payer health system on health funds and union membership

Interest in a single-payer system has grown in the wake of unaffordable premiums and deductibles even for the lowest non-subsidized plans, as well as the Trump administration’s efforts to further destabilize the Affordable Care Act health insurance exchange market. Indeed, Medicare-for-All proposals continue to dominate headlines in the Democratic presidential race. While promoted as well intentioned, these proposals have wide-reaching implications for health care trust funds and their ability to provide benefits to their members.

Taft-Hartley

The multiemployer pension plan crisis: The Taft-Hartley Benefits Summit to examine potential solutions

Although the Democratically-controlled House of Representatives passed legislation in July meant to stabilize multiemployer pension plans, the bill will likely face stiff opposition from Republicans if the Senate decides to act on it this year. Yet with no other alternative, more than 100 of these pension plans are headed for a financial crisis and are projected to become insolvent. In this article, FRA talks to Joseph A. LoCicero, chairman of The Segal Group, about the possible future of multiemployer plans.

Taft-Hartley

The future of multiemployer pension plans: Earl Pomeroy, Joseph LoCicero weigh in ahead of their talk at the FRA Taft-Hartley Benefits Summit

Although the bipartisan Joint Select Committee on the Solvency of Multiemployer Pension Plans failed to vote or come up with a firm package of potential solutions by its Nov. 30 deadline, Republican and Democratic lawmakers have made progress in the quest to strengthen the finances of these underfunded pension plans.