Tag: multiemployer pension plan

The NYC-based plan will receive about $20 million to restore its solvency through 2051.

Even though it opens the process up for more pension funds to participate, few are likely to take advantage.

But performance for defined benefit plans did rebound in Q4, according to a new report.

The Pension Benefit Guaranty Corporation proposal clarifies assumptions for determining an employer’s withdrawal liability.

There are plenty of ideas to address the funding crisis facing certain multiemployer union pensions, but consensus federal legislation remains...

Lead actuaries at Segal say the Treasury Department is preparing to wrongfully reject an application to reduce benefit payments made...

The early financial assistance from PBGC, together with benefit reductions that are required as a condition for receiving assistance, will...

The Pension Analytics Group says the only solution is to reduce benefits across the board, or many of these plans...

The assistance, along with benefit reductions, will help the plan avoid insolvency.

The Butch Lewis Act offers a way to preserve union retiree pension benefits through an emergency loan program funded with...

Passionate testimony from a Teamster to the Joint Select Committee on the Solvency of Multiemployer Pension Plans appeared to outshine...

Commenting on the decision, Segal Consulting says it is “consistent with every other decision handed down in similar cases except...

Tens of thousands of employers in the U.S. contribute to multiemployer pension funds that are in critical and declining status,...

The employer sought to carve out new hires from a critical-status multiemployer pension fund and instead direct their contributions into...

U.S. Senators Orrin Hatch and Sherrod Brown are seeking public and industry input on ways to improve the solvency of...

A federal district court has ruled a multiemployer pension fund's use of the "Segal Blend" rate when assessing a member's...

The 11th U.S. Circuit Court of Appeals ultimately determined there is no explicit restriction saying a critical-status multiemployer plan’s board...