PBGC projects extended solvency for multiemployer program

2015-10-01T23:34:58-07:00October 1st, 2015|Categories: Defined Benefit Plans|Tags: , , |

The PBGC’s multiemployer pension plan program got three more projected years of grace before running out of money, primarily due to increased premiums dictated by the Multiemployer Pension Reform Act of 2014, according to the agency’s FY 2014 Projections Report released Monday. The single-employer program projections show continued improvement, with solvency in the next 10 years. The report is an annual actuarial evaluation based on a range of estimates of the future status of insured pension plans and their [...]