Tag: multiemployer plans
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Government missteps allowed the situation to get as bad as it is. For those of you who do not think about pensions on a daily basis, multiemployer plans are private sector defined benefit plans created by collective bargaining agreements between a labor union and two or more employers. They typically exist in industries with many…
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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…