Options to Improve the Financial Condition of the Pension Benefit Guarantyäó»s Multiemployer Program

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By Keith Hall (ad)
Year: 2016
Pages: 35
Binding Paperback
ISBN 978-1-4578-6375-2

Product Code: 1457863758

Description

The Pension Benefit Guaranty Corporation (PBGC) is a government-owned corporation responsible for insuring the benefits of 41 million people who participate in defined benefit pensio plans provided by private employers. About 10 million of those participants are covered by plans offered by groups of employers; such plans are insured by PBGCäó»s multiemployer program. That program has drawn increased scrutiny because of the high likelihood that it will not be able to meet all of its insurance obligations, potentially causing participants to lose insured benefits or putting pressure on the government to provide PBGC with greater federal resources. This report projects the claims on PBGCäó»s multiemployer program -- which are likely to be relatively small in the coming decade but much larger in the following decade -- and analyzes options for improving the programäó»s finances. Tables and figures. This is a print on demand report.

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