"According to [PBGC Director Joshua] Gotbaum, two years ago only about a third of multiemployer plan participants were in plans that reportedly were in the financially sound 'green' zone. Today, Gotbaum said that the majority of participants are in plans that are recovering. Without changes, however, some plans will be unable to avoid insolvency. Gotbaum claimed that part of the problem is that the multiemployer system has not been rethought in 30 years, and that any solution -- in addition to necessitating higher premiums -- will involve changes to the multiemployer system in general."  MORE >>