A review of 124 multiemployer pension plans by Moody’sshows they were collectively underfunded by $337 billion at the endof 2014.

Together, the plans’ funding level is 47 percent, according tothe ratings agency, which said it expects the funding levels tohave potentially worsened significantly since 2014, in light of“anemic” stock market and fixed income returns in 2015.

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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.