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 brief’s key findings are: While most multiemployer pension plans are finding their financial footing, a substantial minority face serious problems. The key reason is a declining financial base, which results in negative cash flow. Plans deemed in “critical” condition can raise contributions, cut future benefits, and/or cut “adjustable” benefits that apply to retirees as well as…