Just days ahead of the House Ways and Means Committee's planned markup of legislation that would offer government loans for struggling multiemployer pension plans, conservative academics have launched an all-out attack on the bill. A commentary by Gene Kalwarski. First published in The Hill.
The Rehabilitation for Multiemployer Pensions Act offers the best chance of preventing the insolvency of the 121 failing multiemployer pension plans covering 1.3 million workers. By David Blitzstein, Jeffrey B. Cohen, Gene Kalwarski and Judy Xanthopoulos
I believe all public pension plans should regularly conduct stress tests. Those that don't risk having stress testing thrust upon them by lawmakers. More importantly, stress testing is critical to the long-term success of public pension plans.