PBGC Pension Programs Continue Divergence | Chief Investment Officer
PBGC Pension Programs Continue Divergence The pension lifeboat’s multiemployer plan is five years from insolvency, while the single-employer plan remains robust. The Pension Benefit Guaranty Corporation’s (PBGC) insurance programs for single-employer and multiemployer plans continue to diverge, as the former remains healthy while the latter faces impending insolvency, according to the agency’s annual report. The programs cover the pensions of more than 34 million participants with plan benefits worth more than $3 trillion. The multiemployer program covers approximately 10.9 million work...
Source: ai-cio.com