Employers say multiemployer plans need taxpayer-funded loan

By Nick Thornton | June 14, 2018 at 01:42 PM

Exorbitant withdrawal liabilities on employer-sponsor balance sheets may crush employers' ability to compete.

closeup of U.S. capitol

Update 6-15-18 -- Correction: A previous version of this story cited Egger Steel Company's withdrawal liability at $9.1 million, when it is actually $2.1 million. multiemployer pension plans Joint Select Committee on the Solvency of Multiemployer Pension Plans Central States Pension Plan plans facing impending insolvency Butch Lewis Act legislation BenefitsPRO related reading: Composite plans re-emerge as an alternative for multiemployer plans PBGC's latest Multiemployer Program figures even more grim than last year For many multiemployer pension plans, the writing is on the wall Tell your clients stories from the pension wars

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