“… it calls for the creation of the Pension Rehabilitation Administration (PRA), a new agency within the Treasury Department that would be headed by a director appointed by the president to serve a five-year term. The PRA would issue government bonds to finance loans to multiemployer pension plans, plans that have suspended benefits, and some recently insolvent plans currently receiving assistance from the Pension Benefit Guaranty Corporation (PBGC).”
Read the full article on: National Association of Plan Advisors