Multiemployer Pension Plans Can't Cut Their Way To Solvency

Freightmaster1

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MPRA has taught us that plans cannot cut their way to solvency. Another solution is needed, and fast. Government loans seem like a logical approach for these plans facing an impending cash-flow crisis. Let’s hope that the Joint Select Committee can agree on a proposal.
Multiemployer pension plans can’t cut their way to solvency



The article overlooks that funds COULD cut their way to solvency IF all the Teamster funds were merged, their funds put 100% into the PBGC, and Everyone took major cuts to the guaranteed level. Then Everyone would get a pension, instead of just those now drawing100%.
 
MPRA has taught us that plans cannot cut their way to solvency. Another solution is needed, and fast. Government loans seem like a logical approach for these plans facing an impending cash-flow crisis. Let’s hope that the Joint Select Committee can agree on a proposal.
Multiemployer pension plans can’t cut their way to solvency


but they are trying hard



https://www.pensions.senate.gov/hearings





Multiemployer pension plans can’t cut their way to solvency
By Alicia H. Munnell
Select committee faces November deadline to propose a solution.

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