Tag: Benefit cutback|Congress|Multiemployer plan|PBGC|Pension Rights Center|Traditional (defined benefit) pensions
Multiemployer pensions rescue buys the PBGC some time
While experts may disagree on the strength of the Pension Benefit Guaranty Corp.’s insurance program for single-employer pension plans, there is a broad consensus that lawmakers had to act last year to prevent the collapse of big, underfunded multiemployer pension plans, and with that the PBGC’s multiemployer insurance program.
