The trend is mounting for corporate sponsors to shunt liabilities to insurers. But some don’t want to do that, and others can’t.
Plans often do piecemeal deals, to reduce the chances of everything going down the tubes.
Multiemployer pension reform has been ruled eligible to be included in the $1.9 trillion COVID-19 relief package.
The provision would beef up the PBGC and provide a boost for multiemployer and single-employer plans. But it would also freeze COLAs.
Senators Grassley and Alexander say it’s too late to include their plan in year-end legislation.