Freightmaster1
TB Legend
- Credits
- 605
https://economics21.org/multiemployer-pension-blahous
In sum, the multiemployer pension system faces a crisis threatening millions of workers’ benefits, a crisis brought about by inaccurate valuation methods and lax funding practices. A solution to the pension problem will only last if it is built upon principles of measurement accuracy, transparency, damage control, and fairness. This means, first and foremost, requiring that employers and labor representatives only promise benefits that they are prepared to fully fund.
In sum, the multiemployer pension system faces a crisis threatening millions of workers’ benefits, a crisis brought about by inaccurate valuation methods and lax funding practices. A solution to the pension problem will only last if it is built upon principles of measurement accuracy, transparency, damage control, and fairness. This means, first and foremost, requiring that employers and labor representatives only promise benefits that they are prepared to fully fund.