Labor's Pension Push Carries Election-Year Weight

Source: subscriber.politicopro.com

Senate Democrats, led by figures like Sen. Tina Smith, are advancing a bill to ease rules on multiemployer pension plans - shared funds for union workers in industries like construction and trucking. The core idea is to let these plans invest more in private equity and other alternatives, potentially unlocking billions for underfunded pensions. Republicans call it a giveaway to Big Labor ahead of the 2026 elections, warning it endangers retirees. It matters because it could reshape retirement se