Multiemployer Alert: Can multiemployer pension plans survive COVID-19?
By Ladd E. Preppernau and Carrie Vaughn
23 March 2020
As COVID-19 spreads and financial markets react to economic slowing, the multiemployer community is attempting to come to grips with the implications on their defined benefit pension plans. On the heels of the dot-com bust from 2000-2002 and the global financial crisis in 2008, can multiemployer plans survive a third “once-in-a-lifetime” event?