The aggregate funding level of collectively bargained multiemployer pension plans has improved, according to the Society of Actuaries’ analysis of the most recent Form 5500 plan data.
Strong investment returns and increased contributions helped decrease the combined liabilities for roughly 1,300 multiemployer plans in plan year 2014.
The average assumed rate of investment returns on plan assets was 7.3 percent in 2013, but strong equity markets drove actual returns to an average of 15.5 percent.
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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.
