Regulation
PBGC Updates Premium Rates, Guarantee Levels for 2024
Most measures are still tied to inflation, but SECURE 2.0 capped the variable rate for single-employer plans at 5.2%.
Tag: Multiemployer
Regulation
Printer’s Pension Receives $20.6M From PBGC
The plan was projected to become insolvent next year, when it would have had to cut benefits nearly in half.
Regulation
PBGC Issues Interim Final Rule on Multiemployer Bailout Plan
The agency’s proposal sets a priority system for distributing $94 billion to severely underfunded pension plans.
Research
COVID-19 Has Disproportionate Impact on Multiemployer Plans by Industry
Survey finds construction industry plans remain healthy, while transportation and manufacturing plans struggle.
Regulation
Multiple Employer Pension Plans May Need to Brace Themselves for Lawsuits
Consulting firm October Three says lawyers will likely set their sights on MEPs.
Pensions
Pension Relief Plan in COVID-19 Stimulus Bill That Passes House
The legislation goes to the Senate, which could vote on the proposal later this week.
Pensions
House Includes Pension Reform Plan in COVID-19 Relief Bill
The provision would beef up the PBGC and provide a boost for multiemployer and single-employer plans. But it would also freeze COLAs.
Research
PBGC Pension Programs Continue Divergence
The pension lifeboat’s multiemployer plan is five years from insolvency, while the single-employer plan remains robust.
Pensions
Multiemployer Plans See Wild Funding Swings in First Half
Funded levels fluctuated from 85% down to 72% and back up to 82% during first six months of the year.
Pensions
Multiemployer Pension Funding Reaches Pre-Financial Crisis Levels
Double-digit asset gains boost aggregate funded ratio to 85% in 2019.
Risk
Over 100 Multiemployer Pension Plans May Fail Within 20 Years
Plans, like the New England Teamsters', covering 1.4 million people are underfunded by $56.5 billion.
Gap Between Rich, Poor Multiemployer Plans Widens
Report finds that healthy plans funding has risen, while critical plans have not.