SMACNA-Supported Bipartisan Legislation Introduced in Congress
Plan strengthens the multi-employer pension plan system
In response to the growing retirement uncertainty faced by millions of Americans who participate in the Multiemployer Pension Plan system, U.S. Representatives Phil Roe (R-1st-Tenn.) and Donald Norcross (D-1st-N.J.) have introduced bipartisan legislation called the Give Retirement Options to Workers Act (GROW), H.R. 4997.
The GROW Act, which focuses on the risks facing multiemployer pension plans, authorizes a new composite multiemployer pension plan design.