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hourglass with sand running out PBGC refrains from naming plans publicly. But the Teamsters’ Central States Pension Plan, which covers the retirement benefits of about 400,000 retirees and active participants, is widely understood to be the plan PBGC is referring to. (Photo: Shutterstock)

The Pension Benefit Guaranty Corp.’s Multiemployer Program, which insures the pensions of about 1,400 collectively bargained retirement plans, has a more than 90 percent chance of becoming insolvent in 2025, and a 99 percent likelihood of insolvency by 2026, according to the agency’s newly released FY 2017 Projection Report.

Nick Thornton


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