The latest projections report from the Pension Benefit Guaranty Corporation (PBGC) covers fiscal year (FY) 2018 and has three key takeaways for plan sponsors: 1) The Multiemployer Program has a high probability of insolvency in the coming decade. 2) About 125 plans are presently in critical and declining status. 3) Action by Congress is needed to improve the agency's financial condition.
Share this page
Multiemployer Alert: PBGC multiemployer program continues on a path toward insolvency
The projections report for fiscal year (FY) 2018.has been released by the Pension Benefit Guaranty Corporation (PBGC), with three key takeaways for plan sponsors.