Projections now show a 90% chance the program will run out of money in seven years.
Tag: Multiemployer Pension
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.