Press Releases
1.4 million participants could lose benefits
12/17/19
Unless lawmakers pass legislation soon to save struggling multiemployer pension plans, it may be too late for some. As many as 117 multiemployer pension plans covering 1.4 million participants are underfunded by $56.5 billion and have informed regulators and participants that they could fail within the next 20 years because they don't have enough money to pay the full promised benefits.
More than 1.3 million participants could lose benefits
11/01/18
As many as 121 multiemployer pension plans covering 1.3 million workers are underfunded by $48.9 billion and have informed regulators and participants that they could become insolvent within 20 years because they don't have the money to pay the full promised benefits.
More than a million participants could lose benefits
08/22/17
As many as 114 multiemployer pension plans are underfunded by $36.4 billion and expect to become insolvent within the next 20 years because they don't have money to pay participants their full benefits.