Tag: Multiemployer Pension
Supermarket operator will fork over $962 million to withdraw from UFCW International Union–Industry Pension Fund.
However, Senate Majority Leader Mitch McConnell has objected to providing funds to fix pension issues.
Some call for loans, others call for widespread reform for insolvent multiemployer pension catastrophe.
Northwestern professor says annuities could have helped avoid the crisis.
Projections now show a 90% chance the program will run out of money in seven years.
Despite rising funded status trend, many plans will run out of assets within 10 years.
PBGC says it would only be able to pay less than one-eighth the minimum benefit.
Single-employer program improves as deficit nearly halved to $10.9 billion.
Reports take half-empty, half-full view of pension funding.