Description

Book Synopsis
Multiemployer pension plans, created by collective bargaining agreements including more than one employer, cover more than 10 million workers and retirees, and are insured by the Pension Benefit Guaranty Corporation (PBGC). In recent years, as a result of investment market declines, employers withdrawing from plans, and demographic challenges, many multiemployer plans have had large funding shortfalls and face an uncertain future. This book examines the actions that multiemployer plans in the weakest condition have taken to improve their funding levels and the options available to address PFBC''s impending funding crisis and enhance the multiemployer insurance program''s future financial stability.

Multiemployer Pension Plans & the Pension Benefit

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A Hardback by Arthur Hendriks

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    View other formats and editions of Multiemployer Pension Plans & the Pension Benefit by Arthur Hendriks

    Publisher: Nova Science Publishers Inc
    Publication Date: 01/07/2013
    ISBN13: 9781628080995, 978-1628080995
    ISBN10: 162808099X
    Also in:
    Pensions

    Description

    Book Synopsis
    Multiemployer pension plans, created by collective bargaining agreements including more than one employer, cover more than 10 million workers and retirees, and are insured by the Pension Benefit Guaranty Corporation (PBGC). In recent years, as a result of investment market declines, employers withdrawing from plans, and demographic challenges, many multiemployer plans have had large funding shortfalls and face an uncertain future. This book examines the actions that multiemployer plans in the weakest condition have taken to improve their funding levels and the options available to address PFBC''s impending funding crisis and enhance the multiemployer insurance program''s future financial stability.

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