Senators Release Multiemployer Pension Reform Proposal

from Pension Fund Notes
November 21, 2019

U.S. Senators Charles Grassley (R-IA) and Lamar Alexander (R-TN) yesterday released a proposal that would provide financial relief to troubled multiemployer pension plans and make some structural changes to the multiemployer pension system. Sens. Grassley and Alexander are chairmen of the Senate Finance and Senate Health, Education, Labor and Pensions Committees, respectively. We are encouraged to see activity in the Senate to try to address the nationwide multiemployer pension crisis.

Read more

Negotiations Finally Begin with LCSO

After months of refusing to negotiate the very changes in the Master Agreement between Las Colinas Symhony Orchestra (LCSO) and Local 72-147 requested by the LCSO initially in April 2019, LCSO Management finally agreed to meet with the Union on October 30 nearly three weeks after the Union forwarded a proposal to Management to settle all disputes. This was an effort to end a lockout created by Management’s refusal to acknowledge the signed contracts of the Winds, Brass, Percussion, Harp and Keyboard (WBPHK) players last September.

At the October 30 meeting, Management made a verbal counter proposal to the Union’s offer, but fell short of honoring these musicians’ signed contracts.

Following this meeting, the Union delivered a counter proposal to Management on 1 November.

In the subsequent meeting which took place on November 7, Management failed provide a counter proposal for settlement.

Read more