PBGC Projects Multiemployer Insurance Program Becomes Insolvent in 2025

2018-07-13T15:13:30-07:00June 1st, 2018|Categories: PBGC|Tags: |

The Pension Benefit Guaranty Corporation (PBGC) issued its FY 2017 Projections Report indicating, absent changes in law or additional resources, the likelihood that the multiemployer program will run out of money before the end of fiscal year 2025 has grown to over 90 percent. There remains a significant chance the program will run out of money during FY 2024. The likelihood the program will remain solvent after FY 2026 is now less than 1 percent. Multiemployer Program Deficit Expected [...]