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PSCA Executive Reports

September 28, 2018

Government Accountability Office (“GAO”) Study

PSCA Board member Bruce McNeil recently testified in a GAO initiative regarding the impacts of decades of corporate restructurings on pensions and health benefits.”  The request to GAO came from Rep. Louise Slaughter (D-NY), who passed away earlier this year while in office.  In May 2017, she introduced H.R. 2578, The Employee Benefits Protection Act of 2017, which would amend ERISA to require the SPD to specify whether the plan sponsor or any participating employer can unilaterally modify or terminate plan benefits affecting employees, retirees, and beneficiaries; and when and to what extent plan benefits are “fully vested.”  

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