Defined Benefits

As bleak as the PBGCs multiemployer program balance sheet is, the indisputable fact is plenty of multiemployer plans are performing well.

According to its study, the DoD could save between $1.8 billion and $4.4 billion annually by making some changes to its retirement policies.

The Pension Benefit Guaranty Corp.s deficit increased to about $62 billion this year, largely because of the poor financial condition of a few multiemployer plans, the agency said Monday.

Republicans emerged with firm majorities in both chambers of Congress after the midterms, meaning Hatch's proposed legislation could gain traction next year.

Pension reform advocates fear that if Congress fails to intervene before the end of this year, employers will stampede out of the plans, leaving the Treasury on the hook for billions of dollars.

State Street found that 81 percent of funds are exploring bringing more management responsibilities in-house over the next three years.