Chuck Grassley of Iowa and Lamar Alexander of Tennessee want to prop up the plans with higher taxes on workers and retirees. Treasury Department May 29, 2020. The legislation is also colloquially known as the Butch Lewis Act, after the former president of Teamsters Local 100. 397, protecting workers' pensions. 7, Paycheck Fairness Act, bipartisan legislation to empower women to challenge pay discrimination in the workplace, which passed the House with bipartisan support. In GovTrack. By Jonathan Kantor. —The Director of the Pen-sion Rehabilitation Administration estab-lished under the Butch Lewis Act of 2020 shall deposit in the Fund any amounts re-ceived from a plan as payment of interest or principal on a loan under such Act. The Senate has yet to take up the legislation. After markup in both the House Education, Labor and Pensions Committee and the Ways and Means Committee, HR 397, the Rehabilitation for Multiemployer Pensions Act of 2019 , often referred to as the Butch Lewis Act, was taken up on the floor of the US House of Representatives and overwhelmingly passed by a vote of 264 to 169, with 29 Republicans joining Democrats to advance the bill out of the House chamber. com Teamsters Election Survey. or some other similar nonsense. The Civil Rights Act of 1964 passes the US Senate after (not a typo) an 83-day filibuster. State pension plans aren’t alone in their troubles. 2147 (115th) Butch Lewis Act of 2017 (IS) H. Protecting the Right to Organize Act of 2019: 116: 2: S. You got to read between the lines. "Either proposal would involve a cost to taxpayers, with interest groups citing various figures," Goldowitz says. September 11, 2018. Waiver of Required Minimum Distributions for 2019. The seat Smith won in 2018 goes back on the ballot in November 2020, and the race already has attracted a well-funded opponent in former 2nd District Rep. Senate and referred to the Senate Committee on Finance (the “Committee”). He is survived by his wife, Rita Lewis, who has continued to work directly with Congressional Democrats on this issue. House last year passed the Butch Lewis Act, a measure that would provide low-interest loans to save multiemployer plans, but Senate Republicans refuse to consider it. The Butch Lewis Act, proposed legislation to help rescue multiemployer pension plans that are at risk of going insolvent, was previously expected to add $100 billion to the U. In the near term, the House Ways and Means Committee likely will hold its own mark-up of H. The Rehabilitation for Multiemployer Pensions Act (HR 397), also known as the Butch Lewis Act, was introduced January 9, 2019 and passed the House on July 24, 2019. Just like the bipartisan Butch Lewis Act (H. As a strong supporter on the issue, he voted for the Butch Lewis Act (HR 397) which passed the house on July 24th and creates relief for underperforming multiemployer pensions. (The bill’s namesake, Estil “Butch” Lewis, was the former head of Teamsters Local 100 and. Free Movies and TV Shows You Can Watch Now. On July 24, 2019, the House of Representatives passed the Rehabilitation for Multiemployer Pensions Act (also known as the Butch Lewis Act) introduced by House Ways and Means Committee Chairman Richard Neal (D-Mass. In show business related Butch Lewis Act news, NetFlix has released a new ‘official’ trailer for Teamster’s union Al Pacino mafia De Niro corruption Scorsese hitman movie, The Irishman, just in time to influence the debate on Butch Lewis. Sherrod Brown (D-OH) and Rep. Take Action: Call the Congressional switchboard, (202) 224-3121, to speak to U. The "Butch Lewis Act of 2017" and its House companion bill "The Rehabilitation of Multiemployer Pensions Act" provide an innovative way to avoid retiree benefit reductions by providing relief to financially-troubled plans. The Butch-Lewis Act (a version which passed the House in 2019: H. Butch Lewis Act Would Strip Taxpayers of Recoverable Assets. A number of bills in particular would help improve conditions for U. Total: $408. Legislation proposed by Sen. Pass The Butch Lewis Act. plans” and supports the Butch Lewis Act. The Butch Lewis Act that passed the House the other night was pretty remarkable. Retiree Representative Submits Comments to U. The Butch Lewis Act of 2017, which was introduced by Sen. While the Butch Lewis Act did not get added to the budget deal, this new Committee could develop something better. Instead, House Democrats included the Emergency Pension Plan Relief Act (EPPRA). 397, protecting workers' pensions. We support legislation to preserve a healthy multi-employer plans such as the Butch Lewis Act in place of the GROW Act. The Butch Lewis Act would ensure that they receive the money they earned, not pennies on the dollar. For single employer plans the bill allows for: Plans to delay minimum required contribution until 1/1/21. Clad in their Teamsters 2020 T-shirts, nearly two dozen Teamsters marched with striking McDonald's workers into the. Rehabilitation for Multiemployer Pension Act. She talked about how hard her late husband, Butch Lewis of the Teamsters, fought for keeping pensions alive, Butch Lewis Act, and how it ultimately led to his death. Richard Neal (D-MA), both offer real, proactive solutions that rehabilitate failing plans, bolster the PBGC, and protect the earned benefits of millions of retirees. Winter 2019 & Spring 2020 Pension News 2020 Winter 2019 & Spring 2020 Pension News Support BUTCH LEWIS ACT The World is sitting on a $400 TRILLION time bomb. 397 would stabilize multiemployer pension plans by establishing a government-backed loan program to avoid having to drastically cut pensioners' benefits as well as. 2254, the Butch Lewis Act of 2019. That bill, sponsored by Sen. Thousands are facing massive pension cuts because of a law called the Multiemployer Pension Reform Act of 2014 (MPRA). That's the Butch Lewis Act. The bill now goes to the Senate. Brown says he is continuing to go after support to get the bill passed. FOR IMMEDIATE RELEASE. Butch Bradley, Actor: The Opening Act. It would establish a new division in the federal government to monitor and issue low-rate bonds and loan the proceeds to pensions. Increasingly, secure and dignified retirement is the difference between union and non-union employment. VP Biden promises to bring “labor to the table to structurally reform the multiemployer pensions system. Scene (Act II No. Principal Officer Jeffrey Padellaro requested that President Kevin Foley and Local 633’s Political Consultant and Lobbyist, Dennis Caza, attend a meeting with Senator Jeanne Shaheen where many issues concerning our members were discussed. Luckily, the Butch Lewis Act (H. Under the bill passed by the House, the Butch Lewis Act, the Treasury Department would loan money to troubled plans. , USN (retired) Director of Naval History, Curator for the Navy Director, Naval History and Heritage Command It is with deep regret I inform you of the passing of Rear Admiral Edward Lewis “Whitey” Feightner on April 1, 2020, at age 100. Richard Neal (D-MA) on Nov. Take Action: Call the Congressional switchboard, (202) 224-3121, to speak to U. Adds job protection to paid sick days. That paves the way for more negotiations in 2020 for an alternative to the Butch Lewis Act, which Senate Republicans have not embraced. 397, and passed the House with 29 Republican House members supporting it. Consultants forecast lower returns in 2020 even before COVID-19 HPE suspends matching contributions for 401(k) plan Support the Butch Lewis Act. Instead of passing the Butch Lewis Act to fix the pension crisis, Senate Republicans introduced legislation that would make the problem worse. 2147 (115th) Butch Lewis Act of 2017 (IS) H. Martin Lewis: Expert reveals how to get will drafted for free - you must act fast MARTIN LEWIS, 47, appeared on This Morning today to speak to viewers about the latest deals. Butch Lewis is the namesake of the “Butch Lewis Act,” a bill Brown has introduced aimed at preserving multiemployer pensions, which allow employers to pool resources and provide workers with. Time is running out. Top Democrat proposes adding pension fix to new NAFTA vote to his suggestion about tacking the Butch Lewis Act onto the trade deal. "The Butch Lewis Act isn't just a policy for me. While the Setting Every Community up for Retirement Enhancement Act of 2019, referred to as the SECURE Act, signed into law Dec. "A significant amount of legislation has gone over to the Senate, important legislation, and it just dies there," said Conway. This vitally important legislation, led by Sens. 397, finally came out of Committee and will be scheduled for a full House vote soon. The Act passed with a vote of 264-169. Peter Hardcastle-Cheiron-Pension Funding Challenges Butch Lewis Act & Central States 6 Multiemployer Challenges • 2008 produced a crisis for many plans • The larger the net negative cash flow the harder 2008 hit • Economic activity declined post 2008 reducing contribution bases • PPA required trustees to fix funding issues. (Remember that the Butch Lewis Act, which was passed by the House in 2018, and then again in 2019, promises that loans to the troubled plans will do the trick so that its supporters claim that “it. He has repeatedly blocked consideration of the House-passed Butch Lewis Act , which is designed to bolster underfunded multiemployer pension plans. Earlier this year, the Democratic House passed legislation, dubbed the Rehabilitation for Multiemployer Pensions Act, but also referred to as the Butch Lewis Act, that would create a new Treasury. The "Butch Lewis Act" would allow the government to issue bonds and then later resell the bonds with hopes that in time, enough revenue would be generated to honor retiree pensions. 2147, and Rep. The IAM is urging Congress to pass the Rehabilitation for Multiemployer Pensions Act of 2019 (H. February 28, 2020 Press Release Today, the House of Representatives passed legislation including the bipartisan Protecting American Lungs Act. "Leader Schumer and Speaker Pelosi have made it clear to the president and the Republican leadership that the end-of-the-year spending bill has got to include the Butch Lewis Act," said Rep. 397, Rehabilitation for Multiemployer Pensions Act of 2019, also known as the Butch Lewis. The Butch Lewis Act, introduced by Rep. IMAIL September 10, 2019 The IAM sent a letter urging members of the U. House Passage of PRO Act Draws Praise From Union Leaders. Richard Neal (D-MA), who is Chairman of the House Ways and Means Committee, suggested there is an "egregious omission" in not including the Rehabilitation for Multiemployer Pensions Act, commonly referred to as the Butch Lewis Act. User Clip: Rep. Nov 16, 2017. The Butch Lewis Act would ensure that they receive Join AlterNet 2020 for $1. March 24, 2020 By Bradford L. 397), eligible plans would include: plans in critical and declining status, plans with significant underfunding with more retirees than active workers, plans that have suspended benefits, and certain plans that have already become insolvent. Neal last week told reporters he “can see some vehicles at the end of the year that would include the Butch Lewis Act,” also known as the Rehabilitation for Multiemployer Pensions Act of 2019, which Neal sponsored. The Butch Lewis Act, HR397, passed the House with some bipartisan support. The Butch Lewis Act would provide loans from the federal government to multiemployer pension plans that are in critical and declining status and on the brink of insolvency. Regarding adding BUTCH LEWIS to corona stimulus bill. 2254 - 116th Congress (2019-2020): Butch Lewis Act of 2019. 2254: Butch Lewis Act of 2019: Further Continuing Appropriations Act, 2020, and Further Health Extenders. Peter Hardcastle-Cheiron-Pension Funding Challenges Butch Lewis Act & Central States 6 Multiemployer Challenges • 2008 produced a crisis for many plans • The larger the net negative cash flow the harder 2008 hit • Economic activity declined post 2008 reducing contribution bases • PPA required trustees to fix funding issues. To build unity, knowledge, and power for the Teamsters Local 402 Members. The Butch Lewis Act of 2017, S. Passed earlier this year by the House of Representatives, it would establish the Pension Rehabilitation. 60 Teamster and other Union Brothers and Sisters are currently on. | Main | Action: concerning defense spending and Social Security. “Tax Cuts and Jobs Act” is the average annual cost of the tax cuts passed in 2017. "The issuance of the Senate proposal reflects important progress because, taken together with the Butch Lewis Act, we now have the components of a potential proposal which policymakers, both Democrats and Republicans, can work through on a bipartisan basis to find a solution that they, along with employers and employees, can all support. Teamsters Vote Your Opinion Matters Go to www. The bill, known as the Butch Lewis Act, would bail out multi-employer pension plans that are on the verge of collapse. Supporting the Butch Lewis Act ensures that current retiree benefits will be protected for the next 30 years, at a minimum. The Act passed with a vote of 264-169. Amanda Wilke, CEBS June 8, 2020 Coronavirus (COVID-19), Employee Benefits CARES Act, Coronavirus Aid Relief and Economic Security Act, coronavirus and the workplace, COVID-19, student loan assistance benefits, student loans 2 Read more > Next Steps for Health Plans During and After COVID-19. I urge the Senate to pass the bipartisan Butch Lewis Act, (H. The legislation is also colloquially known as the Butch Lewis Act, after the former president of Teamsters Local 100. And, Biden secured an expansion of the SAFER Act to keep more firefighters on the job during the Great Recession. Haley Stevens' Impassioned Speech on Butch Lewis Act. Tim Ryan, D-Youngstown, in December introduced the Butch Lewis Act, named for a retired Ohio trucker and Teamster from West Chester Twp. Neal also called attention to the Butch Lewis Act under consideration by the House of Representatives to address funding problems facing multiemployer pension plans. ’ We are going to get it passed. The Butch Lewis Act [H. Retiree Representative Submits Comments to U. From the NEA: Initial Summary of the Heroes Act. Retired Teamsters fighting to preserve their pensions celebrated House passage of the Butch Lewis Act. COVID-19 News Updates - June 4, 2020: Philadelphia Administrators’ Union Protests Racial Injustice, Honors George Floyd With Silent March : COVID-19 News Updates - June 3, 2020: Teamsters Applaud Unveiling of New House Transportation Legislation: COVID-19 News Updates - June 2, 2020: Hoffa: Infrastructure Investment Holds Key to Improving Economy. 397, the Butch Lewis Act, but the Senate has yet to take up the measure. Sherrod Brown (D-OH) and Rep. It is crucial that BCTGM members and retirees contact their Senators and urge them to support S. Congress, two nearly identical bills—H. Actives stay with Central States and keep the remaining assets for re-investment, along with member and employer contributions. On Wednesday, June 24, the U. How the GOP-controlled Senate is putting the pensions of 1. Typically, if an individual or company has a loan that cannot be repaid in full, the lender can recover at least a portion of the money. While noting that he was happy to see several priorities included in the spending bill, Rep. Connection Failure: This usually happens when the news feed URL is entered incorrectly. 397, the Rehabilitation for Multiemployer Pensions Act (also known as the Butch Lewis Act), which establishes the Pension Rehabilitation Administration (PRA) within the Treasury Department to allow pension plans to borrow the money they need to remain solvent, and continue providing retirement security for decades. R 2722, Securing America’s Federal Elections (SAFE) Act; H. Senate and referred to the Senate Committee on Finance (the "Committee"). Rita Lewis was our second guest on the show today and she discussed pension plans. In July, that bill, also known as the Butch Lewis Act, was approved by the House on a 264-to-169 vote. Congress rushes to save miners’ pensions but ignores larger retirement crisis bill will push Congress to sign the Butch Lewis Act. Capitol, H-232 Washington, DC 20515 The Honorable Kevin McCarthy Republican Leader United States House of Representatives U. 2147 and H. 29 GOP representatives, including Wisconsin firebrand Sean Duffy, joined all Democrats in voting for the legislation. The Teamsters Union supports the passage of the Butch Lewis Act of 2017 (H. From Bloomberg Law: Construction Labor report: Butch Lewis Act would provide 30-year loans to troubled multiemployer plans 1. Congressman Fitzpatrick wants to better understand the challenges that contractors face with the ongoing multiemployer pension crisis. The USW is 1. Richard Neal (D-MA. Get detailed information about Butch Lewis, including previous known addresses, phone numbers, jobs, schools, or run a comprehensive background check anonymously. Jon Tester for taking action and co-sponsoring the Butch Lewis Act of 2019. Sherrod Brown (D-OH), Tina Smith (D-MN), Joe Manchin (D-WV), and Minority Leader Charles Schumer (D-NY) would help save financially-troubled multiemployer pension plans while protecting the earned and vested benefits of current. It is imperative that we address the needs of failing pension plans with federal assistance. Tell them to support legislation that will provide retirees with their hard-earned benefits and stabilize the multiemployer pension system overall. The Butch-Lewis act passed the House with over 20 republican Congress Members voting yes! Unfortunately our Congressman Greg Walden voted no. The HEROES act is the extension of supplement unemployment benefits, or COBRA subsidies, or any of the other components which have gained much attention. 397, protecting workers’ pensions. By Jonathan Kantor. If COVID-4 includes the Butch Lewis Act, it would provide low-interest loans to the nation’s most underfunded union pension plans to help them stave off looming insolvency, and would provide an additional $71 billion in direct cash assistance to those struggling pension plans. 3 million hard-working Americans like truck drivers and steelworkers. 2020 Outsourced-Chief Investment Officer Survey GET ACCESS TO CHIEF INVESTMENT. Jon Tester for taking action and co-sponsoring the Butch Lewis Act of 2019. Richard Neal of Massachusetts and Peter King of New York, passed the House on a 264-169 vote and was sent to the Senate on July 25. The top city of residence is Newark, followed by East Orange. Americans want big, structural change. He mentioned he’d support the Butch Lewis Act, which is something Griffin said was “spot on. 3 million Americans to meager retirements. 397, protecting workers’ pensions. That bill would loan money to underfunded pensions. Then, while you have them on the phone, tell them to support Senate Bill 27, the American Miners' Pension Act. Feightner enlisted in the Navy’s Aviation Cadet program in. 17 Action: concerning all those good House bills, anti-renewable energy desperation, and statehood for D. 05/06/2020. He passed away too soon, fighting for the retirement se-curity they earned. 1112, Enhanced Background Checks; H. Just not in 2020. Scene (Act II No. Grow Act Fact Sheet. 2254, the Butch Lewis Act of 2019. I will give my full reasoning later, but I’m not feeling hopeful given the positioning on the Democratic side. By Bradford L. He urges immediate federal legislation and mentions the Butch Lewis Act as an option. Democrat Tammy Duckworth (202)224-2854. The legislation is also colloquially known as the Butch Lewis Act, after the former president of Teamsters Local 100. Named after a late Cincinnati Teamster who fought pension. It would establish a new division in the federal government to monitor and issue low-rate bonds and loan the proceeds to pensions. PASSED: The Butch Lewis Act is the first piece of legislation I introduced as Chairman of the Ways and Means Committee precisely because of the urgency of this multiemployer pension crisis. The Butch Lewis Act to protect. The other bill, the "Butch Lewis Act," would establish a legacy fund within the PBGC "to ensure that multiemployer pension plans can continue to provide pension benefits to every eligible American for decades to come. [Second reading, failed to adopt yeas 21 nays 70]. Sherrod Brown, D-Ohio, would provide a low–interest, 30–year loan to troubled pension systems with no cuts to benefits. Baldwin is a cosponsor of the House-passed Butch Lewis Act, led by Senator Sherrod Brown, D-Ohio. The Ohio Democrat and U. The Act has effectively highlighted the challenges facing a growing number of multiemployer pension plans within the next few years. In the near term, the House Ways and Means Committee likely will hold its own mark-up of H. In fact, the Butch Lewis Act requires multiemployer pension funds to reinstate any benefits reduced under MPRA before receiving a government loan, and a separate legislative proposal released in November 2019 would provide for a partial restoration of benefits. The Rehabilitation for Multiemployer Pensions Act, H. 1865, Further Consolidated Appropriations Act, 2020; support of increased funding for the National E. Butch Lewis Act of 2019 This bill establishes the Pension Rehabilitation Administration within the Department of the Treasury and a related trust fund to make loans to certain multiemployer defined benefit pension plans. Take Action: Call the Congressional switchboard, (202) 224-3121, to speak to U. Rita Lewis was our second guest on the show today and she discussed pension plans. The bill, also referred to as the "Butch Lewis Act," 3 was originally introduced in 2017. Teamsters 402 United. Adagio Sostenuto - Sir Simon Rattle 14. PBGC Director Gordon Hartogensis has said the Administration stands ready to work with Congress. 397, protecting workers' pensions. NORTH CHARLESTON, S. House last year passed the Butch Lewis Act, a measure that would provide low-interest loans to save multiemployer plans, but Senate Republicans refuse to consider it. Rule XIV simply is a motion to bypass second reading. , for our union’s annual Rapid Response, Legislative & Policy Conference. 6129 Mail AFM-EPF Retiree Representative P. On IMDb TV, you can catch Hollywood hits and popular TV series at no cost. 397 in the coming weeks. This is the only solution to this mounting crisis that would not bankrupt the PBGC or permanently weaken otherwise healthy plans. Congress must take action to turn the Butch Lewis Act and the Stop Wall Street Looting Act into law now. Postal Service for their mutual benefit; to obtain and secure rights as employees of the USPS and to strive at all times to promote the safety and the welfare of every member; to strive for the constant improvement of the Postal Service; and for other purposes. Actives stay with Central States and keep the remaining assets for re-investment, along with member and employer contributions. Walden said negotiators keep looking for middle ground between the House-passed Butch Lewis Act, which would provide 30-year loans to struggling pension plans, and a bundle of rate hikes and benefit cuts favored by Senate Republicans. This section of the bill is under Division T and is cited as the Emergency Pension Plan Relief Act of 2020. Name of Union: National Association of Letter Carriers (NALC) Mission: To unite fraternally all city letter carriers employed by the U. a classic example of not knowing the real issues is. Butch Davis and Fernando Gonzalez, both before my. Home Members > Organize. 2020 Election The same night Bernie won New. Support The Butch Lewis Act - H R 397 contact your State Legislatures. 2254, Butch Lewis Act, legislation to protect workers’ and retirees’ pensions. Prediction two: state-run DC plans for private employers. The Butch Lewis legislation was recently introduced in the Senate. User Clip: Rep. -Create a new office within the Treasury Department, which would be called the Pension Rehabilitation Administration (PRA). In the Senate, S2254 has been. Jon Tester for taking action and co-sponsoring the Butch Lewis Act of 2019. Just like the bipartisan Butch Lewis Act (H. 2147) would solve the problem. Protecting the Right to Organize Act of 2019: 116: 2: S. The draft bill also includes funding relief for single employer defined benefit plans and multiemployer plan reforms. Finally, the Bill named the Butch Lewis Act, is being put forth by Senator Sherrod Brown, Ohio, that will protect those promised retirement benefits. 515-515 E Lewis St has rental units starting at $525. Senate to cosponsor and support S. By Jonathan Kantor. plans” and supports the Butch Lewis Act. A recently proposed bill, the Butch Lewis Act, would establish the Pension Rehabilitation Administration within the US Department of the Treasury and a related trust fund. Butch Lewis Act Your Results. 1547 Rombach Avenue, Wilmington OH, 45177. The Butch Lewis Act faces obstacles in the Republican controlled Senate because Mitch McConnell will not put the bill on the floor which means it will not be voted on! FYI It passed the house by ALL but 2 Democrats and the rest were Republicans!. Oban, Grabinger, Mathern, Robinson. Instead of passing the Butch Lewis Act to fix the pension crisis, Senate Republicans introduced legislation that would make the problem worse. A member of the Republican Party, he previously represented Georgia's 6th Congressional district in the United States House of Representatives from 1999 to 2005. Richard Neal of Massachusetts and Peter King of New York, passed the House on a 264-169 vote and was sent to the Senate on July 25. Local 48 staff will still be dispatching members as outlined in the Emergency Amendment to the Hiring Hall Rules. So, it helps women again. Details Support for federal arts funding, generally H. Box 2145 Minneapolis, MN 55402. You got to read between the lines. Peter King (R-N. Grassley-Lamar Proposal and would like them to pass the Butch-Lewis Act. Bertha Lewis in Kentucky We found 26 results for Bertha Lewis in Fourmile, Jonancy, and 3 other Kentucky cities. The Virginia Department of Education and Botetourt County Schools do not discriminate on the basis of race, color, national origin, age, religion, political affiliation, disability, or gender in its educational programs or activities. gov January 2020 MEETINGS Regular Union Meeting: Wednesday, Feb 12th, 5:30 pm at the Meeting Hall. The future of this legislation - known as S. bipartisan vote to pass the Butch Lewis Act (H. Comedian Steve Harvey was once a college dropout who drifted from one dead-end job to the next. it is a long term loan that will. Lang: en Ronald "Butch" Everett Lewis (June 26, 1946 – July 23, 2011) was an American boxing promoter and manager. Butch Bradley is one of the most popular stand-up comics on today's comedy circuit. 397), the legislation which passed the House in July would create a Treasury agency to issue bond-backed. You can reach them by calling the U. Details Support for federal arts funding, generally H. The CARES Act also didn't have any cash to spare for the U. Take Action: Call the Congressional switchboard, (202) 224-3121, to speak to U. House of Representatives last week passed a plan to save the pensions of roughly 1. In July, the House passed the Butch Lewis Act. 5 billion House-passed plan, H. Republicans voted 29 to 168 against. Washington, D. Raise the Wage Act, raising the minimum wage – over 30 million people will get a raise; 20 million, around 23 million of them are women. The Act would provide funds for 30-year loans and new financial assistance, in the form of grants, to financially troubled multiemployer pension plans. – Nearly 20 organizations including Americans for Prosperity have a new message for Congress: pension bailout proposals such as the so-called “Butch Lewis Act” are an affront to taxpayers and should be considered on their own rather than stuffed into an appropriations measure or trade legislation implementing the United States-Mexico-Canada Agreement (USMCA). The purpose of the law is to allow Treasury to make loans to certain multiemployer defined benefit pension plans that are in critical status or insolvent through bonds. Democratic leaders wanted a bill called the Butch Lewis Act to be included in the stimulus bill, and even President Trump said he agreed with that, but McConnell refused. Senators Pat Toomey and Bob Casey and tell them to VOTE YES on the Butch-Lewis Act H. 397 — Rehabilitation for Multiemployer Pensions Act (The Butch Lewis Act) H. Americans want big, structural change. Local 243 has been advised that the TEAMCARE Board of Trustees has approved granting up to eight weeks of health care l ayoff coverage at no cost to members who are laid off between March 1, 2020 and December 31, 2020 as a result of the COVID-19 crisis. We also know the economic crisis caused by the pandemic has only amplified the need to stabilize these pensions, and needs to be addressed. For more details, see Update on the Butch Lewis Act and the Congressional Research Service summary on HR 397 updated July 19, 2019. Walden said negotiators keep looking for middle ground between the House-passed Butch Lewis Act, which would provide 30-year loans to struggling pension plans, and a bundle of rate hikes and benefit cuts favored by Senate Republicans. Call your senators at 844-551-6921 and urge them to reject the Grassley-Alexander proposal, which would harm the Butch Lewis Act. The fight to protect and save our pensions now moves into the U. PASSED: The Butch Lewis Act is the first piece of legislation I introduced as Chairman of the Ways and Means Committee precisely because of the urgency of this multiemployer pension crisis. The Butch Lewis Act. The plan is designed to help people, like Bob Amsden of Wisconsin Teamsters. Butch Bradley, Actor: The Opening Act. The plan trustees would use the loans to pay their liabilities. About "Butch" Lewis Butch Lewis was an outstanding athlete at Ottawa University from 1957 to 1961 as a member of the football, basketball and track teams, receiving letters in all three sports. It would enable the federal government to float bonds and use the proceeds to make low-interest loans to failing multiemployer pension plans, saving. , USN (retired) Director of Naval History, Curator for the Navy Director, Naval History and Heritage Command It is with deep regret I inform you of the passing of Rear Admiral Edward Lewis “Whitey” Feightner on April 1, 2020, at age 100. Rita once told me that retirees and workers struggling with this crisis. Teamsters General President Jim Hoffa wrote a letter to senators last month urging them to quickly act to pass the bill. On June 11, the Butch Lewis Act,the Rehabilitation of Multi-Employer Pensions Act,H. The bill addresses the multiemployer pension crisis facing over one million Americans across the nation, serving as an important backstop to ensure that retirees do not lose. This bill establishes the Pension Rehabilitation Administration within the Department of the Treasury and a related trust fund to make loans to certain multiemployer defined benefit pension plans. Johnson is scheduled to play next week’s RBC Canadian Open where he is the. Ronald “Butch” Everett Lewis was born on 26 June 1946, in Woodbury, New Jersey USA, and was a professional boxing manager and promoter, best known for managing the careers of some of the biggest names in the sport, including the brothers Michael and Leon Spinks. 4444, the Rehabilitation for Multiemployer Pensions Act, and S. 397), eligible plans would include: plans in critical and declining status, plans with significant underfunding with more retirees than active workers, plans that have suspended benefits, and certain plans that have already become insolvent. For single employer plans the bill allows for: Plans to delay minimum required contribution until 1/1/21. This Relief Act is not a bridge loan like the Butch Lewis Act, but will instead separate, or partition, active members from retirees. I thank you, Chairman Scott, for your leadership on behalf of America's working families. The Butch Lewis Act would allow the Treasury to sell special bonds that would finance loans to pension plans so that they can continue providing retirement security for retirees and workers. Butch Lewis Act aims to protect hundreds of pension plans at risk of becoming insolvent. The Act would create an entity within the Treasury Department called the Pension Rehabilitation Administration (PRA). us, a database of bills in the U. This legislation would offer federally subsidized loans to multiemployer plans in danger of becoming insolvent. It creates low-interest, 30-year loans to help support the pensions. The future of this legislation - known as S. Kamala Harris (D-CA) introduced the VoteSafe Act of 2020 to provide $5 billion in grants for states to improve the safety of in-person voting and expand both early voting and vote-by-mail during the COVID-19 pandemic, among other provisions. For disclosure information please see here. Just like the bipartisan Butch Lewis Act (H. In July, the Democratic-led House passed the bipartisan Butch Lewis Act. FOR IMMEDIATE RELEASE. Butch-Lewis Act Local News, News Landing Page, North Dakota News. That legislation included more sweeping reform for multiemployer pension plans as it paves the way for the Treasury Department to establish a trust fund to make loans to plans facing insolvency. would be delivering Trump a major win heading into 2020. Retiree Representative Submits Comments to U. Butch Lewis Act of 2019: 1: Further Continuing Appropriations Act, 2020, and. Called the Butch Lewis Act, named after a Vietnam War veteran and pension activist, the bill seeks to address a situation that advocates say continues to get worse. 2598, Pension Stability Act, legislation to protect workers’ and retirees’ pensions. 2254, the Butch Lewis Act - is currently before the Senate. The Mets have agreed to terms on a bonus with second round selection Isaiah Greene, according to MLB. The House Committee on Education and Labor passed the Butch Lewis Act out of committee June 11, the first step toward an eventual vote on the House floor. Now, after years of inaction, Congress has finally made progress to protect hardworking Americans who planned for their retirement, forgoing pay raises to. The Butch Lewis Act of 2017 (S. That extended time frame gives our industry far greater time to tackle. 397 in the coming weeks. Treasury Department May 29, 2020. Joe has also pledged to protect the pensions of workers and strengthen our ability to bargain for better wages, benefits and working conditions. For pension reform that protects workers, our union is supporting the Butch Lewis Act (H. 4444 will restore solvency to pension plans and financial security to working families by allowing pension plans to borrow the money they need to remain solvent and continue providing retirement security for retirees and workers for decades to come. The National United Committee to Protect Pensions (NUCCP) reports that some members of Congress and staff are working to make sure pensions will be addressed in the "Phase 4" bill. Oban, Grabinger, Mathern, Robinson. This legislation would offer federally subsidized loans to multiemployer plans in danger of becoming insolvent. When Democrats in the House proposed their alternative to the Senate's CARES Act, it included the Butch Lewis Act. The Butch Lewis Act of 2017, S. — Alec Lewis (@alec_lewis) June 18, 2020. Alfonso Pollard - AFM Legislative, Political, and Diversity Director. His widow Rita joined hundreds of union members in the House Gallery of the Capitol to watch the debate and vote on July 24. Congresswoman Betty McCollum (DFL-Minn. This legislation provides a means of support to at-risk plans and is absolutely. It would establish a new division in the federal government to monitor and issue low-rate bonds and loan the proceeds to pensions. 29, 2019… Letters to the Editor Daines, Gianforte should. The Butch Lewis Act faces obstacles in the Republican controlled Senate because Mitch McConnell will not put the bill on the floor which means it will not be voted on! FYI It passed the house by ALL but 2 Democrats and the rest were Republicans!. Richard Neal (D-Mass. Congress rushes to save miners' pensions but ignores larger retirement crisis bill will push Congress to sign the Butch Lewis Act. As standalone legislation, it passed the House in July by a vote of 264-169, but due to sharp policy differences the Senate has declined to move the bill. The Butch Lewis Act cleared an important procedural hurdle this week, but the process revealed the challenging road ahead—both for the bill, and for other proposals to reform the multiemployer pension system. Butch Lewis Act. Take Action: Call the Congressional switchboard, (202) 224-3121, to speak to U. Tell them to support legislation that will provide retirees with their hard-earned benefits and stabilize the multiemployer pension system overall. Time is running out. I would like to thank U. The Butch Lewis Act would create a loan program to allow failing pension plans to borrow money to reinvigorate the plan. 397, protecting workers' pensions. “The Butch Lewis Act delivers justice for 1. The Truth About the Butch Lewis Act. Legislative Issues. The Butch Lewis Act prevents the imminent catastrophic collapse of the multiemployer pension crisis while protecting retirees’ benefits and saving taxpayers billions of dollars. 2147) would solve the problem. Cheers rang out from those watching in the House Gallery as the vote was announced. The Central States Pension Fund that covers 400,000 retirees and active workers will be insolvent by Jan. 17 Action: concerning all those good House bills, anti-renewable energy desperation, and statehood for D. 19 WASHINGTON - Congressman Bobby Scott (VA-03), chairman of the Education and Labor Committee, released the following statement after the Ways and Means Committee advanced H. [Second reading, failed to adopt yeas 21 nays 70]. Cheers rang out from those watching in the House Gallery as the vote was announced. 397 — Rehabilitation for Multiemployer Pensions Act (The Butch Lewis Act) H. 397, known as the Butch Lewis Act, to provide bailout loans to multiemployer pension. The Butch Lewis Act would ensure that they receive the money they earned, not pennies on the dollar. Supporting the Butch Lewis Act ensures that current retiree benefits will be protected for the next 30 years, at a minimum. House of Representatives last week passed a plan to save the pensions of roughly 1. The Butch Lewis Act Sen. 29, 2019… Letters to the Editor. This should allow the Pension plan to again start building assets for future use. 17 Action: concerning all those good House bills, anti-renewable energy desperation, and statehood for D. 2147) would put taxpayers on the hook for billions of dollars in unfunded pension liabilities under the guise of loans from the U. Meantime, Butch Lewis has been under attack from the NCCMP, a powerful Washington lobbying group that played a key role in the formulation of MPRA, the 2014 law that allows trustees to cut accrued pension benefits. Congressman Brian Higgins, D-NY-26, took to the House floor during debate and spoke in support of the H. The Butch Lewis Act creates a loan program to help failing multi-employer pension plans to meet its commitments. You can reach them by calling the U. The Butch Lewis Act cleared an important procedural hurdle this week, but the process revealed the challenging road ahead—both for the bill, and for other proposals to reform the multiemployer pension system. Bertha Lewis in Kentucky We found 26 results for Bertha Lewis in Fourmile, Jonancy, and 3 other Kentucky cities. 397 ), better known as the Butch Lewis Act. Here’s commentary by The Heritage Foundation, from just prior to CARES Act passage, discussing the fact that the House version of the bill had included the Butch Lewis Act, which would provide a. " He is also continuing his efforts to get President Donald Trump's tax returns released. Kamala Harris (D-CA) introduced the VoteSafe Act of 2020 to provide $5 billion in grants for states to improve the safety of in-person voting and expand both early voting and vote-by-mail during the COVID-19 pandemic, among other provisions. 397, protecting workers' pensions. After finalizing a $2. 397), SWACCA and over 100 stakeholders including unions like the UBC, IUPAT, OPCMIA AND LIUNA; major trade associations, like the U. State pension plans aren’t alone in their troubles. the FAA reauthorization act, during the biden, Obama administration, it had about a million temporary extensions. WASHINGTON — Today, Congresswoman Haley Stevens (MI-11) led a bipartisan group of 71 Members of Congress to call on House Leadership to address the multi-employer pension crisis in forthcoming coronavirus legislation. BUTCH LEWIS ACT: WHICH SIDE IS YOUR SENATOR ON? The US House of Representatives voted to pass the Butch Lewis Act by a vote of 264 to 169. 2147), introduced by Sen. Teamsters 402 United. #10 Omaha, NE 68111 Douglas County. I am hopeful the Senate will take a more bipartisan approach to protect retirees and enact the desperately-needed reforms to multiemployer pensions to address these structural. Thank you for your role in bringing this important. Bertha Lewis in Kentucky We found 26 results for Bertha Lewis in Fourmile, Jonancy, and 3 other Kentucky cities. 2) Call your Representative at (202) 224-3121 to urge them to co-sponsor the Butch Lewis Act. "The issuance of the Senate proposal reflects important progress because, taken together with the Butch Lewis Act, we now have the components of a potential proposal which policymakers, both Democrats and Republicans, can work through on a bipartisan basis to find a solution that they, along with employers and employees, can all support. Postal Service for their mutual benefit; to obtain and secure rights as employees of the USPS and to strive at all times to promote the safety and the welfare of every member; to strive for the constant improvement of the Postal Service; and for other purposes. I only publicly came out as queer less than a year ago at age thirty-four, but it’s something I’ve known about myself for the better part of twenty-five years. WASHINGTON, D. Take Action: Call the Congressional switchboard, (202) 224-3121, to speak to U. , Local 351’s Rep. In 2015, she worked with retired Teamsters to protect the Central States Pension Plan against proposed reductions in pension benefits. But unless leaders of the Republican-led chamber are spurred to move the measure forward, it will just languish there. On January 13, 2020, the House of Representatives in a vote of 384 to 7 passed a bill titled the 8-K Trading Gap Act. Multiemployer pensions can be a vehicle to provide retirement security and workers deserve to have the promises that their employ-ers made to them be fulfilled. 1112, Enhanced Background Checks; H. id: treas-do-2020-0005-0245 Any plans for this pension fund must be accompanied by passage of the Butch Lewis Act. He is survived by his wife, Rita Lewis, who has continued to work directly with Congressional Democrats on this issue. 397, Rehabilitation for Multiemployer Pensions Act of 2019, also known as the Butch Lewis. "The Teamsters Union will continue to fight vigorously for passage of the Butch Lewis Act in the new year. Spectrum: Strong Partisan Bill (Democrat 37-2-1) Status: Introduced on July 24 2019 - 25% progression Action: 2019-07-24 - Read twice and referred to the Committee on Finance. May 14, 2020. Butch Lewis Act of 2019 Official Titles A bill to amend the Internal Revenue Code of 1986 to create a Pension Rehabilitation Trust Fund, to establish a Pension Rehabilitation Administration within the Department of the Treasury to make loans to multiemployer defined benefit plans, and for other purposes. Good morning, Richard. The Butch Lewis Act essentially creates an agency that would extend loans to multi-employer pension funds facing insolvency — loans to be paid back over 30 years — and those loans would be funded by selling long-term government bonds. We are pleased to report that there are two more co-sponsors of the Bill. Congresswoman Debbie Dingell (MI-12) today joined colleagues in introducing the Rehabilitation for Multiemployer Pensions Act, also known as the Butch Lewis Act, which ensures multiemployer pension plans remain solvent and continue providing retirees and workers the retirement benefits they have earned. Formally named the Rehabilitation for Multiemployer Pensions Act (H. It creates low-interest, 30-year loans to help support the pensions. House passes bill to rescue Teamsters pension plan. it is a long term loan that will. described in the Butch Lewis Act of 2020, ''(2) for the payment of principal and inter-est on obligations issued under such Act, and ''(3) for administrative and operating ex-penses of such Administration. Country Net News covers breaking radio news articles and the latest new stories for the country music industry. 397, the Butch Lewis Act. Adds job protection to paid sick days. 2147) which was introduced in Congress last November by Sen. This is in contrast to the Butch-Lewis bill that passed the House, which would provide loans to at-risk funds without undermining other funds or increasing burdens on retirees. (b) CLERICAL AMENDMENT. 397, sponsored by Rep. The Butch Lewis Act would provide leverage to the potential collapse of the multiemployer pension plans by implementing a longer loan term with a significantly lower interest rate to federal agencies who could transfer monetary contributions to the pensions for investments and protect the hard-earned and well-deserved benefits of past, current. Asked whether USMCA could be that vehicle, Neal declined to specify, but added, “you’re pretty perceptive. Find up-to-the-minute news as it happens about your favorite country radio stations. Democratic leaders wanted a bill called the Butch Lewis Act to be included in the stimulus bill, and even President Trump said he agreed with that, but McConnell refused. ” “Bernie just hit the nail on the head,” she said. The PRA would allow pension plans to borrow money needed to remain solvent and continue providing security for retirees and workers for decades to come. This bill amends MPRA with respect to participant votes on the suspension of benefits under multiemployer. [Second reading, failed to adopt yeas 21 nays 70]. debt over ten years. Stevens: Include Butch Lewis Act in COVID-19 Relief Package. Teamsters2020. 2254, the Butch Lewis Act, bills to protect workers’ and retirees’ pensions. COVID-19 News Updates - May 11, 2020: A Message From Port Division Director Ron Herrera: BUTCH LEWIS ACT SUPPORT: HOFFA SCHOLARSHIP FUND << May 2020 >> S: M: T: W. For pension reform that protects workers, our union is supporting the Butch Lewis Act (H. 20 was a thrill for those in the retirement community,. 2147, the Butch Lewis Act—were introduced in the House and Senate. Scott Praises Ways and Means Committee for Advancing the Rehabilitation for Multiemployer Pensions Act. The Butch Lewis Act, HR397, passed the House with some bipartisan support. Coronavirus Information. The fight to protect and save our pensions now moves into the U. I thank you, Chairman Scott, for your leadership on behalf of America's working families. However, the Machinists Union is wholly opposed to legislation that would jeopardize the financial. House Ways and Means Chairman is planning to move followup legislation to the Secure Act later in 2020. Then, while you have them on the phone, tell them to support Senate Bill 27, the American Miners' Pension Act. 397, the so-called Butch Lewis Act, which would establish a government funded Pension Rehabilitation Trust Fund for failing multiemployer pension plans. Chuck Grassley of Iowa and Lamar Alexander of Tennessee want to prop up the plans with higher taxes on workers and retirees. On Motion to Suspend the Rules and Concur in the Senate Amendment: Making appropriations for the Department of the Interior, environment, and related agencies for the fiscal year ending September 30, 2019, and for other purposes. The term was coined by Sir Thomas More for his 1516 book Utopia, describing a fictional island society in the south Atlantic Ocean off the coast of South America. 9 May 18,, 2020. Summary (2019-03-21) A concurrent resolution urging Congress and the President of the United States to pass the Butch Lewis Act. 2254 : 116: Butch Lewis Act of 2019: 2. To build unity, knowledge, and power for the Teamsters Local 402 Members. Time is running out. March 16, 2020. 397, the Rehabilitation for Multiemployer Pensions Act, also known as the Butch Lewis Act. The National United Committee to Protect Pensions (NUCCP) reports that some members of Congress and staff are working to make sure pensions will be addressed in the "Phase 4" bill. “As president, I will get it done,” she said of the Butch Lewis Act. To build unity, knowledge, and power for the Teamsters Local 402 Members. 397 - Rehabilitation for Multiemployer Pensions Act of 2019) has been trotted out a few times as a proposed fix for failing multiemployer plans, and not too much about the non-failing plans. The plan proposed by Senators Grassley and Alexander was also discussed. Call your Representatives and urge them to support the Butch Lewis Act. Home Members > Organize. On May 12, Democratic leadership in the U. The Act, a multiemployer pension bailout measure with a nearly $100 billion price tag, was included in the House's recent economic relief package proposal, which ended up being pre-empted by the Senate's CARES Act. He passed away too soon, fighting for the retirement se-curity they earned. 3 million Americans who are facing cuts in their. (Washington, DC) – Today, Congresswoman Lizzie Fletcher (TX-07) voted for H. Butch Bradley, Actor: The Opening Act. The measure ensures that retirees and workers receive the benefits they have earned. Richard Neal (D-Mass. IBT News: House Down, Senate to Go in Pension Fight July 25, 2019 Years of hard work and countless visits to the nation’s capital by working and retired Teamsters finally paid off last night when the House voted to approve H. and the Senate reintroduced the Butch Lewis Act. Wetlands must touch another navigable body of water to be considered under federal jurisdiction under the rule. Richard Neal (D-Mass. The Teamsters were deeply disappointed that Congress did not include the House-passed Rehabilitation for Multiemployer Pensions Act, also known as the Butch Lewis Act, in the final version of the. 2254, the Butch Lewis Act of 2019. The Butch Lewis Act would: -Keep pension promises, keep money in the pockets of retirees who rely upon it, and guarantee pension benefits into the future. Brown said he’s open to a compromise with Republicans, and that the committee’s solution must be bipartisan. Our union has been fighting for years for a legislative solution to this crisis. The Act would provide funds for 30-year loans and new financial assistance, in the form of grants, to financially troubled multiemployer pension plans. Thank you for your role in bringing this important. House last year passed the Butch Lewis Act, a measure that would provide low-interest loans to save multiemployer plans, but Senate Republicans refuse to consider it. 2254, Butch Lewis Act, legislation to protect workers’ and retirees’ pensions. Tweet Share Share. USDOT is authorized to force air carriers to continue service to destinations served as of March 1, 2020, until March 1, 2022. Butch Lewis Act aims to protect hundreds of pension plans at risk of becoming insolvent. While Senate Majority Leader Mitch McConnell described the bill as "dead on arrival," it likely gives direction on a potential bipartisan rescue of the multiemployer pension system. Here is what Emanuel Cleaver (Democratic Congressman from Missouri) said last July when the House passed the Act (in its earlier form). Shown Here: Introduced in Senate (07/24/2019) Butch Lewis Act of 2019. The House-passed bill did include the Butch Lewis Act to protect pensions, but the Senate bill did not include any pension protection. ), would help financially ailing multiemployer pension plans with 30-year repayable federal loans from a trust. "A significant amount of legislation has gone over to the Senate, important legislation, and it just dies there," said Conway. He is best known for having managed the careers of boxing brothers Leon and Michael Spinks. The HEROES Act includes a substantial new taxpayer commitment to ailing, private-sector, multiemployer pensions but does NOT contain the Butch-Lewis Act, which had largely been the public policy position of congressional Democrats for about 18 months;. Nov - Butch Lewis Act May - The Role of Bonds in Pension Asset Allocation Feb - Pension Asset Allocation – Strategic, Tactical, Responsive Jan - Pension Confusion: Present Value vs. 397, was introduced by House Ways and Means Committee Chairman Richard Neal (D-MA), and passed 264-169, including the support of 29 Republicans. it is a long term loan that will. Lewis Santa Anita 1 1/16 Miles Thousand Words (10) Royal Act (4) High Velocity (2) Tizamagician (1) Feb. 397, protecting workers' pensions. 2254 : 116: Butch Lewis Act of 2019: 2. 2254: Butch Lewis Act of 2019. 3 million workers and retirees facing devastating cuts to pensions earned over a lifetime of work,” said. Lewis died of a heart attack at his home in Bethany Beach, Delaware. the Pension Stability Act, and S. 397, known as the Butch Lewis Act, to provide bailout loans to multiemployer pension. list for seats they'd like to capture in the 2020 election. 397 ), better known as the Butch Lewis Act. You can reach them by calling the U. We also know the economic crisis caused by the pandemic has only amplified the need to stabilize these pensions, and needs to be addressed. FEDEX, won't allow the Butch Lewis act to become law. Because of the strong support of two key House members—the chairmen of the Ways and Means and Education and Labor Committees—it is very likely that the Butch Lewis Act will see action in the. The Rehabilitation for Multiemployer Pensions Act (HR 397), also known as the Butch Lewis Act, was introduced January 9, 2019 and passed the House on July 24, 2019. While the rule is expected to set off a round of litigation, it is nevertheless scheduled to take effect June 22. A concurrent resolution urging Congress and the President of the United States to pass the Butch Lewis Act. After a little political maneuvering on the House Floor by Republicans, the final vote was 264 in favor and 169 against. Name of Union: National Association of Letter Carriers (NALC) Mission: To unite fraternally all city letter carriers employed by the U. For single employer plans the bill allows for: Plans to delay minimum required contribution until 1/1/21. Thursday, Jun 25, 2020 | Upcoming Webcast - Includes Q&A Contemporary Compensation Issues Tuesday, Jul 14, 2020 | Upcoming Webcast - Includes Q&A Mental Health Impact of COVID-19 on Workers and Their Families Tuesday, Sep 15, 2020 | Virtual Conference. The bill would provide low-interest loans to pension funds to ensure they remain solvent for the foreseeable future. Senate to co-sponsor the Butch Lewis Act and put it a floor vote immediately. "Just like the bipartisan Butch Lewis Act (H. described in the Butch Lewis Act of 2020, ''(2) for the payment of principal and inter-est on obligations issued under such Act, and ''(3) for administrative and operating ex-penses of such Administration. IATSE rejects Grassley-Alexander multiemployer pension proposal, urges Senate action on Butch Lewis Act Friday, January 10, 2020 The letter also urges Senate action on the bipartisan, House-passed Butch Lewis Act, a viable and constructive solution to the looming crisis of failed multiemployer pension plans. On the evening of Wednesday, July 24, the House of Representatives passed H. That bill, sponsored by Sen. A composite plan legislation would further harm workers in the middle of a deepening economic uncertainty. and the Senate reintroduced the Butch Lewis Act. 3 million Americans to meager retirements. Passed out of the Ways and Means Committee, this legislation will help preserve the pensions of retirees and workers through a unique public-private partnership. It creates low-interest, 30-year loans to help support the pensions. POLITICO Pro’s Legislative Compass is a powerful, easy-to-use tool simplifying federal and state legislative tracking. 19 to discuss the Butch-Lewis Act. The bill passed the House but has yet to be passed in the. 397, Rehabilitation for Multiemployer Pensions Act of 2019, also known as the Butch Lewis. Washington, D. 397), better known as the Butch Lewis Act. 2254, the Butch Lewis Act of 2019. Under current law, generally at the age of 72, individuals must take a required. NJ Senators. The SECURE Act and 2020 changes to 401(k) hardship withdrawal rules; QUESTIONS? Please email Samantha Puleo. The multiemployer reforms appear to be based on the so-called Butch-Lewis Act, which passed the House in July 2019. March 16, 2020. The Butch Lewis Act, HR397, passed the House with some bipartisan support. The Pro Act would be the most wide-ranging rewrite of U. The House-passed bill did include the Butch Lewis Act to protect pensions, but the Senate bill did not include any pension protection. If COVID-4 includes the Butch Lewis Act, it would provide low-interest loans to the nation's most underfunded union pension. He urges immediate federal legislation and mentions the Butch Lewis Act as an option. 397, protecting workers' pensions. The bill would "amend the Internal Revenue Code of 1986 to create a Pension Rehabilitation Trust Fund, to establish a Pension Rehabilitation Administration within the Department of the Treasury to make loans to multi-employer defined benefit plans. 05/06/2020. It would also maintain the health of well-funded multiemployer plans and adequately fund the Pension Benefit Guaranty Corporation (PBGC), without making any cuts to the earned benefits of current or future retirees. Teamsters General President Jim Hoffa wrote a letter to senators last month urging them to quickly act to pass the bill. Peter King (R-N. Retiree Representative Submits Comments to U. A composite plan legislation would further harm workers in the middle of a deepening economic uncertainty. Now the challenge is to continue the grassroots mobilization and lobbying effort to build bipartisan support for pension protection. The Act also provides $10 billion for airports to ensure continued operation during a sustained decline in air travel; grant recipients have to maintain employment levels of at least 90%. 0' to Move This Year: Rep. If COVID-4 includes the Butch Lewis Act, it would provide low-interest loans to the nation’s most underfunded union pension plans to help them stave off looming insolvency, and would provide an additional $71 billion in direct cash assistance to those struggling pension plans. The Butch Lewis Act creates a loan program to help failing multi-employer pension plans to meet its commitments. The Butch Lewis Act [H. Because the company doesn't have enough money to fix it. Pension Reform. This should allow the Pension plan to again start building assets for future use. “But the Senate must finish the job to avert a financial disaster. Postal Service, which has lost about half its mail revenue and could run out of money this summer. The bill creates a new federal loan program to help. 397, protecting workers’ pensions.