The Building Material Drivers Local 436 pension plan is expected to run out of money by 2023.
COO James Girardi admitted he was aware of illicit arrangement between CEO and PBGC official.
Increased volatility caused by coronavirus likely to keep risk transfer market booming.
White House wants new variable-rate premium, saying that would help stave off insolvency for 20 years.
Pension lifeboat will provide three annual payments of $8.9 million to merged plan.