Time Runs Out for Multiemployer Pension Reform in 2020
Senators Grassley and Alexander say it’s too late to include their plan in year-end legislation.
The clock has run out on multiemployer pension reform in 2020.
Republican Senators Chuck Grassley of Iowa and Lamar Alexander of Tennessee issued a joint statement this week saying there won’t be time to reach a deal to include the proposed reform in an end-of-year legislative package.
“For the past two weeks, we have engaged in intense negotiations with our Democratic colleagues in the Senate and House to seek a deal to resolve the impending multiemployer pension crisis,” the senators said. “We have reached the point where we are out of time to strike an agreement that can be scored by the Congressional Budget Office [CBO] and reviewed by our Senate and House colleagues.”