Tag: PPA
In doing background reading to figure out how many companies may follow IBM and reopen a closed defined benefit plan, commentators kept referring to “funding relief,” which – combined with the improved funded status and de-risking – has dramatically reduced the likelihood that a company would be forced to contribute to its plan. I had…
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…
