
Asset Allocation
Multiemployer Plan Funding Levels Down Sharply in First Half of 2022
The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.
The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.
More than $800 million from Special Financial Assistance Program will help two pension funds covering more than 22,000 participants.
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.