2015 Multiemployer Pension Funding Study
11 March 2015
The Spring 2015 study shows that the overall funding shortfall for all plans increased by $5 billion for the year ending December 31, 2014, while the aggregate funding percentage decreased slightly to 80%. There has been significant recovery from the low point in 2009, but the aggregate funded percentage has yet to return to pre-2008 levels. Multiemployer plan funding levels have steadily improved, though they leveled off in 2014. For plans in need of financial recovery, the biggest driver is investment performance.
About the Author(s)
Robert A. Behar
Richard A. Wright
2015 Multiemployer Pension Funding Study
Milliman’s Spring 2015 Multiemployer Pension Funding Study reports on the estimated funded status of all U.S. multiemployer plans as of December 31, 2014, and also shows the change in funding levels from December 31, 2013.
Rex Barker, Robert Behar, Kevin Campe, Ladd Preppernau, Richard Wright