Pensions
Our Work
The U.S. Chamber understands that different employers have different needs. We also know that as individuals live longer, financial solutions must evolve to meet their changing needs. We work with all types of plans and products—from single-employer defined benefits plans and multiemployer defined benefits plans to large defined contribution plans to SEPs and SIMPLEs.
Latest Content
This Hill letter was sent to the Members of the U.S. House of Representatives, on H.R. 2954, the "Securing a Strong Retirement Act of 2022."
The Honorable Charles E. Schumer The Honorable Mitch McConnell Senate Majority Leader Senate Minority Leader
"The U.S. Chamber of Commerce supports Chairman Bobby Scott’s introduction of the Emergency Pension Plan Relief Act of 2021, which aims to protect workers’ and retirees’ pensions and the employers that contribute to them. Without a solution to the multiemployer pension funding crisis, pensions and jobs will be lost as employers and the Pension Benefit Guaranty Corporation face bankruptcy. Furthermore, without a legislative fix, employers that sponsor single-employer plans will face difficulties emerging from the economic damage of the COVID-19 pandemic which significantly increased pension contributions because of lower interest rates, a volatile market, and the decimation of certain industries."
This Coalition letter was sent to Subcommittee on Social Security, Pensions, and Family Policy Chairman Rob Portman and Ranking Member Sherrod Brown, on Single-Employer Pension Funding Stabilization Relief.
Pension reform: Don't let inaction ruin the recovery Neil Bradley – The Hill
January 21, 2020 Dear Chairmen Grassley and Alexander,
The multiemployer pension funding crisis did not happen overnight, and a solution must be a thoughtful, holistic approach that takes into consideration all aspect of the problem from all interested parties. This is why the U.S. Chamber of Commerce, along with over 100 employers, trades, unions and plans, signed onto a letter to Congressional leadership urging them to take a holistic approach to this problem.
This letter was sent to the United States Senate supporting H.R. 1994, the "Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019."
