A solid investment performance in 2013 led to “notable improvement” in the funding status of multiemployer plans, according to Milliman’s inaugural Multiemployer Pension Funding Study.
Funding shortfalls declined by $45 billion in 2013, and the aggregate funding percentage increased from 72 percent in 2012 to 81 percent in 2013.
Liabilities, in the form of accrued benefits, actually increased by $14 billion to $585 billion.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
