Tag: Benefit cutback|Congress|Multiemployer plan|PBGC|PBGC limits/ guarantees|Pension Rights Center|Traditional (defined benefit) pensions|Underfunding
Multiemployer Program Posts Record Deficit, Single-Employer Shortfall Shrinks, PBGC Says
The deficit of the Pension Benefit Guaranty Corporation’s multiemployer plan program rocketed to an all-time high in fiscal year 2014 of $42.4 billion—more than five times its previous high in 2013— the agency said in its annual report.
