Multiemployer Pension Plans and the Pension Benefit Guaranty Corporation

$310.00

Arthur Hendriks (Editor)

Series: Economic Issues, Problems and Perspectives, Business Issues, Competition and Entrepreneurship
BISAC: BUS022000

Multiemployer pension plans, created by collective bargaining agreements including more than one employer, cover more than 10 million workers and retirees, and are insured by the Pension Benefit Guaranty Corporation (PBGC). In recent years, as a result of investment market declines, employers withdrawing from plans, and demographic challenges, many multiemployer plans have had large funding shortfalls and face an uncertain future. This book examines the actions that multiemployer plans in the weakest condition have taken to improve their funding levels and the options available to address PFBC’s impending funding crisis and enhance the multiemployer insurance program’s future financial stability. (Imprint: Nova)

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Table of Contents

Preface

Private Pensions: Timely Action Needed to Address Impending Multiemployer Plan Insolvencies
(GAO)

Multiemployer Pension Plans: Report to Congress Required by the Pension Protection Act of 2006
(U.S. Department of Labor, U.S. Department of the Treasury, Pension Benefit Guaranty Corporation)

PBGC Insurance of Multiemployer Pension Plans: Report to Congress Required by the Employee Retirement Income Security Act of 1974, as Amended
(Pension Benefit Guaranty Corporation)

FY 2012 PBGC Exposure Report
(Pension Benefit Guaranty Corporation)

Testimony of Joshua Gotbaum, Director, Pension Benefit Guaranty Corporation. Hearing on “Challenges Facing Multiemployer Pension Plans: Reviewing the Latest Findings by PBGC and GAO”

Index

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Binding

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