A greater number of multiemployer retirement plans may be at risk of falling into insolvency than previously thought, raising the specter of benefit cuts and fueling fears of a possible taxpayer bailout unless Congress acts.
The Center for Retirement Research at Boston College, having reviewed the state of MEPs after the one-two punch of the dot-com crash and the 2008-09 financial meltdown, estimates that about 35 percent of MEPs will exhaust their assets over the next 30 years.
That's a considerably higher estimate than the 25-percent figure put out by the Government Accountability Office.
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