In The News

PBGC Issues Final Rule on Assistance for Underfunded Union Pension Plans The federal Pension Benefit Guaranty Corp. (PBGC) issued a final rule implementing changes to the Special Financial Assistance (SFA) program that will pay up to $91 billion to financially troubled multiemployer pension plans. The final rule was published in the Federal Register on July 8 and takes… Read more »

Rubio, Colleagues Urge Biden to Reverse Plan Creating Unofficial Consulate to Palestinians in Jerusalem Florida Senator Marco Rubio and Senator Bill Hagerty, along with U.S. Representative Lee Zeldin and colleagues, released a joint statement calling on the Biden Administration to reverse course on what they say is a plan to erode the full and faithful implementation of… Read more »

Labor Dept. Made $77.2 Billion In Improper Unemployment Insurance Payments In 2021: IG The Labor Department (DOL) “published an improper payment rate of 18.71 percent for the UI program, which resulted in an estimated $77.2 billion in reported gross improper payments,” the IG reported. The improper payment rate for the previous year was 9.17 percent, equal to about $37.8… Read more »

Biden Celebrates $90 Billion Bailout of Private Union Pension Plans President Joe Biden jetted off to Cleveland on Wednesday evening to announce the official launch of a $90 billion bailout of union retirement plans—one that's completely paid for with federal borrowing. The bailout was approved last year as part of the American Rescue Plan, the $1.9 trillion emergency… Read more »

Controversial Pension Rescue Plan Finalized The White House on Wednesday heralded the finalization of a hotly debated plan to stabilize troubled pensions.  Speaking in Cleveland, where he was joined by union workers and retirees, President Joe Biden announced a final rule implementing a financial assistance program for multiemployer pension plans. “Those retirees who lost their… Read more »

Congressman Rick W. Allen (GA-12) recently spoke on the House Floor about the Department of Labor’s efforts to reclassify independent contractors as traditional employees under the Fair Labor Standards Act, and his legislation (the Employee Rights Act) to codify protections for independent contractors into federal law. The Department of Labor (DOL) is currently in the process of… Read more »

Eric Parker doesn’t sit much these days. But today, he’s relaxing in one of theClubhou.se’s expansive glass-walled rooms on the third floor of the Georgia Cyber Center, overlooking the Savannah River on one side and downtown Augusta on the other. If you’d asked  theClubhou.se founder 10 years ago where he would be today, it likely wouldn’t be here. In 2010, Parker had moved… Read more »

By Paige Smith | June 27, 2022 1:14PM ET Burr, Braun, Foxx, Allen signed letter opposing guidance Labor board stance a ‘flagrant disregard’ of precedent A National Labor Relations Board memo that declared war on “captive audience” meetings, a common anti-union tactic used by employers, came under fire from congressional Republicans.   Sens. Richard Burr (R-N.C.) and… Read more »

WASHINGTON – U.S. Senator Tim Scott (R-S.C.) today joined Senator Bill Hagerty (R-Tenn.), Representative Lee Zeldin (R-N.Y.), and more than 80 members of Congress on a bicameral joint statement, calling on the Biden administration to reverse course on its plan to erode the full and faithful implementation of the Jerusalem Embassy Act of 1995 by moving the Palestinian… Read more »

Republican members of Congress and the Senate have banded together to scorch a Biden Administration plan to upgrade the Palestinian Affairs Unit in the US Embassy in Jerusalem, just a few weeks prior to President Joe Biden’s planned trip to Israel, the Palestinian Authority and Saudi Arabia. The statement, released Thursday and endorsed by more than 80 lawmakers, was led by Senator Bill… Read more »