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Butch Lewis Act in latest Covid bill
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<blockquote data-quote="Last One In" data-source="post: 4796419" data-attributes="member: 87306"><p>No provisions provide any monies to pension funds.</p><p></p><p>Rather, under the Special Financial Assistance Program for Financially Troubled Multiemployer Pension Plans, a portion of the Butch Lewis Act of 2021, monies will be provided to aid approximately 10 million Americans that participate in multiemployer pension plans, 1.3 million of whom are stuck in quickly sinking plans.</p><p></p><p>This is from the National Law Review. Perhaps I am missing something, but this sounds like a drop in the bucket. 1.3 million in "quickly sinking plans." There must be more than that in Central States. I am one of them.</p></blockquote><p></p>
[QUOTE="Last One In, post: 4796419, member: 87306"] No provisions provide any monies to pension funds. Rather, under the Special Financial Assistance Program for Financially Troubled Multiemployer Pension Plans, a portion of the Butch Lewis Act of 2021, monies will be provided to aid approximately 10 million Americans that participate in multiemployer pension plans, 1.3 million of whom are stuck in quickly sinking plans. This is from the National Law Review. Perhaps I am missing something, but this sounds like a drop in the bucket. 1.3 million in "quickly sinking plans." There must be more than that in Central States. I am one of them. [/QUOTE]
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