Could it be that the vast majority of the country's multiemployer pension plans are in fine shape?
The headlines around multiemployer plans this year have not been pretty, so it's easy to assume they're all in trouble.
The Pension Benefit Guaranty Corp.'s balance sheet for its multiemployer insurance program certainly leaves that impression. According to it 2014 annual report, released Monday, the PBGC has less than $2 billion in assets to cover more than $42 billion in projected multiemployer plan liabilities.
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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.
