Tag: Private sector multiemployer plans
![Working together on their budget](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_5-1536x988.jpg)
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…
![Mature man is hired to handle outreach to senior adults](https://crr.bc.edu/wp-content/uploads/2022/11/financing_retirement_7-1536x1024.jpg)
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…