5 06, 2019

Pensionomics 2018: Measuring the Economic Impact of Multiemployer DB Pension Expenditures

2019-06-05T10:22:54-07:00June 5th, 2019|Categories: Multiemployer Plans|Tags: |

This study analyzes data on specific private sector pension plans (referred to as “multiemployer plans”) to assess the overall national economic impact of benefits paid by these plans to retirees. We estimate the employment, output, value added, and tax impacts of pension benefit expenditures from multiemployer plans at the national level, and find that the economic gains attributable to private sector multiemployer DB pension expenditures are considerable. In 2016, $41.8 billion in pension benefits were paid to 3.5 million [...]

21 09, 2016

PBGC Seeks to Widen Efforts to Find Missing Plan Participants

2016-09-21T17:10:56-07:00September 21st, 2016|Categories: PBGC|Tags: , , |

The PBGC is stepping up its game by expanding the program it uses for locating missing pension plan participants and beneficiaries who are owed benefits. The Pension Benefit Guaranty Corporation’s proposed rule on missing participants, issued Sept. 19, is another step federal agencies are taking to ensure employees are paid their pension benefits after plans terminate. […]