PBGC: Multiemployer Pension Insurance Insolvent by 2026
Report projects that the multiemployer program's deficit will rise to $80 billion in less than nine years.
Tag: PBGC
GSAM’s Moran: Surging PBGC Fees Incentivize Pension De-Risking
Companies are increasingly considering annuitization and lump sums due to sharply rising premiums.
Treasury Approves Benefits Cuts for United Furniture Workers Pension Fund
Pension becomes only the second fund to be approved for cuts under Klein-Miller.
Risk
IRS’ Delay in Implementing Mortality Tables Affects Pension Decisions
Move means plan contributions, PBGC premiums may rise.
Regulation
Treasury Rejects Benefits Cuts for Automotive Industries Pension Plan
Fund faulted for using assumptions that contradicted its own information.
Gap Between Rich, Poor Multiemployer Plans Widens
Report finds that healthy plans funding has risen, while critical plans have not.
Verizon Borrows $3.4 Billion to Make Discretionary Pension Contribution
Tax considerations, rising PBGC premiums drive move, Russell Investments says.