news photo of Central States Teamsters holding a sign about pension cuts in front of nation's capitol Members of the International Brotherhood of Teamsters and their supporters attend a rally outside the Capitol in Washington, D.C., U.S., on Thursday, April 14, 2016 to protest a plan by the Central States Pension Fund to reduce payments to retirees. (Photo: Drew Angerer/Bloomberg)

It is no secret that many multiemployer pension plans are struggling – paying out substantially more in benefits to retirees than the income they are receiving.  Without legislative action, many are expected to go bankrupt in the next 5 to 15 years, leaving current retirees and active employees without the retirement income they expected.  To understand where we go from here, let's first explore the history of multiemployer plans, then look at potential avenues for reform.

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

  • Critical BenefitsPRO 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 events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.