PBGC: Multiemployer Pension Insurance Insolvent by 2026
Report projects that the multiemployer program's deficit will rise to $80 billion in less than nine years.
Report projects that the multiemployer program's deficit will rise to $80 billion in less than nine years.
Including 2017, compound rate of return is 7.4% over the last four years.
Michelle Cunningham was also the fund’s first internal investment officer.
Report finds growth of liabilities is outpacing asset growth.
1.1 million fewer women are receiving a state pension due to an increase in pension age.
The state seeks to close a $5.1 billion shortfall in two years.
Funded ratio sees first increase since March.
Urges General Assembly to make “historic changes” to state education funding.
However, liabilities outpaced investments, increasing the fund’s deficit.
The trend may help introduce more transparency in these private markets since public plans are held accountable, firm says.
New rate suggested by Milliman based on study.
Private, public equity reap the majority of gains.
Fund doubles down on ethical investing, returns highest since record keeping started in 2003
The bond rating agency suggests positivity, despite rocky road ahead.
Companies are increasingly considering annuitization and lump sums due to sharply rising premiums.