We cannot take anything for granted. The future of our pension plan isn’t just dependent on what’s negotiated in the MBA every three years. Federal policy directly affect the health of our pension fund. That’s why the WGA is involved at the federal level, lobbying Congress to protect the multiemployer pension system and ensure that healthy plans, like ours, remain healthy.
Right now, a few large pension plans are on the verge of failing, largely because of de-unionization in industries like trucking and construction. Congressional leadership created a Joint Select Committee on the Solvency of Multiemployer Pension Plans to find a solution to this looming crisis. The Guild is working with allies like co-chair Sen. Sherrod Brown (D-OH) and Rep. Bobby Scott (D-VA) to ensure that workers and retirees are protected, while advocating for a federal loan program to rescue failing plans. At the same time, we’re opposing any move by the Joint Select Committee tor attack labor by unfairly taxing unions or jeopardizing healthy pension plans like ours. Click here to read the coalition letter sent to the Joint Select Committee outlining our concerns.