Although a late-2018 deadline passed without a formal proposal, members of the U.S. Senate Joint Select Committee on the Solvency of Multiemployer Pension Plans vowed to continue pursuing a solution to the funding crisis engulfing organized labor retirement systems. In a joint statement, co-chairs Senator Sherrod Brown (D-Ohio) and his retiring colleague, Senator Orrin Hatch (R-Utah), noted:
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Lawmakers vow to craft multiemployer pension reform proposal
Source: U.S. Senate Joint Select Committee on the Solvency of Multiemployer Pension Plans
After a November 30 deadline for submitting a proposal addressing a funding crisis engulfing multiemployer pension plans, Senior Senators Orrin Hatch (R-Utah) and Sherrod Brown (D-Ohio) have committed to pursuing a bipartisan solution. In a statement, they indicated that efforts of Joint Select Committee they co-chair will carry on:
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