Tag: Private Sector Multiemployer Pension Plans
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…
The brief’s key findings are: Private sector multiemployer pension plans, which are negotiated by a union with a group of employers, have become a focus of congressional interest. Multiemployer plans have been hurt by an expansion of benefits during the 1990s and the twin financial crises since 2000. Most are recovering, but a substantial minority…
