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dissolving clock The largest of the critical or declining pension plans PBGC insures, the Teamsters’ Central States Plan, is projected to be insolvent by 2025. It will amount to the straw that breaks PBGC’s back. (Photo: Shutterstock)

The Pension Benefit Guaranty Corp.’s multiemployer insurance program has a 99 percent chance of being insolvent by the end of fiscal year 2025, according to the FY 2018 Projections Report, released today.

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.

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