Tag: Funded Status of Multiemployer Plans
Abstract Multiemployer pension plans, like other employer plans, have been challenged by two financial crises since 2000. The majority of multiemployer plans are returning to financial health, but a substantial minority face serious funding problems that are exacerbated by unique structural challenges in the multiemployer sector. These challenges include a high ratio of inactive to…
The following post reflects the frustration of me and my colleagues after having worked for three months to model the finances of a large private sector multiemployer pension plan. The analysis was initiated in response to a contentious proposal that would enable plan sponsors and trustees to reduce accrued benefits for both retirees and actives…
