X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
man hands holding an empty coin purse (Photo: Shutterstock)

Multiemployer pension plans aren’t in a good place—if help doesn’t come soon, says a new study, 117 of them could fail within the next 20 years.

Actuarial consulting firm Cheiron Inc. finds that, according to the latest annual financial reports filed by multiemployer pension plans with regulators, up to 117 of those plans—serving some 1.4 million participants—are underfunded to the tune of $56.5 billion dollars, and have told regulators that they don’t have enough money to pay promised benefits.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

More from this author

Dig Deeper

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.