Multiemployer Pension Plans 

Many beer distributors participate in multiemployer defined benefit pension plans and have met their contribution responsibilities dutifully. However, a number of these plans remain underfunded. These outstanding liabilities threaten the solvency of participating businesses and the retirement security of millions of plan beneficiaries. The 2021 American Rescue Plan Act included a Special Financial Assistance Program for Financially Troubled Multiemployer Plans. Although the program addresses the financial needs for some of the most troubled
plans, it does not address needed systematic reforms.

We Encourage Congress To:

• Address withdrawal and partial withdrawal liability.
• Enact funding rules to allow trustees to address problems before they happen. Update notice and disclosure rules to ensure that both employers and employees understand the financial health
  of these plans.