4 12, 2019

AFL-CIO Condemns GOP Multi-Employer Pension Proposal

2019-12-04T09:22:56-08:00December 4th, 2019|Categories: Multiemployer Plans|Tags: |

The AFL-CIO’s pension panel has roundly condemned proposals made by two leading Senate Republicans to shore up the nation’s endangered multiemployer pension funds that would cut benefits by up to 19%. The federation’s Retirement Security Working Group said Dec. 2 that the proposals contained in a white paper released Nov. 20 by Finance Committee chair Charles Grassley (R-Iowa) and Sen. Lamar Alexander (R-Tenn.), chair of the Health, Education, Labor and Pensions Committee “will not only injure the retirees and [...]

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. […]