Tag: Private sector multiemployer plans
The brief’s key findings are: A small, but significant, number of multiemployer pension plans face insolvency in the next 20 years – despite actions to reduce benefits and raise contributions. To avoid insolvency, a Commission with representatives from plans, employers, and unions has proposed allowing plans to cut accrued benefits of current workers and retirees…
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…
