Don’t Expect Pension Solvency to Get Shored Up in Next Stimulus

Shoring up pension solvency got left out of the $2 trillion stimulus package enacted last month and the early signs aren’t encouraging for a bipartisan compromise coming together in the next one.

House Speaker Nancy Pelosi (D-Calif.) didn’t specifically mention pension relief April 3 while outlining the “next steps” in combating the coronavirus outbreak. A senior House Democratic aide told Bloomberg Law paying workers what they’re owed remains a top priority.

House Democrats wove a long-term loan program (H.R. 397) into their last proposed stimulus plan largely ignored by Senate Republicans. Senate GOP aides said pensions didn’t make ...