The American Rescue Plan with NCCMP Director, Michael Scott
Manage episode 294133367 series 2904480
On March 11, President Biden signed the American Rescue Plan into law. Most of it was stimulus spending designed to rescue the economy from the coronavirus pandemic, but did you also know that it provides $86 billion for 10.7 million workers in 185 pension funds? Michael Scott, the director of the National Coordinating Committee for Multiemployer Plans, explains what this rescue means for these troubled pension plans and the retirees they serve.
Some highlights from The American Rescue Plan with NCCMP Director include:
01:22 – The Role of the NCCMP
04:14 – The Timeline of Pension Reform
10:27 – Low-Interest Loans or Partitions?
15:11 – The Purpose of the American Rescue Plan
19:34 – The Cost of Doing Nothing
If you'd like to read the PDF file of The American Rescue Plan, please visit: www.congress.gov
Or check out the NCCMP website: https://nccmp.org