Bates & Company, Inc.
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AimPoint Pension
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Setting the Stage for 2017: Failing Multiemployer Pension Plans
STUMP [Opinion] Jan. 3, 2017
"[Multiemployer pension plans will] come up politically this year, because there are a couple plans in really bad shape and Congress punted last year. Unlike public pensions, where they at least have some power to tax people to keep the cash flowing, many multiemployer plans have gone from lots-and-lots-of-employers to only-a-few-employers-in-a-dying-industry. The guarantees for [multiemployer plans] are extremely skimpy, so when these plans fail, it's a lot worse when single employer plans fail ... Supposedly, having multiple employers involved was supposed to make the guarantee more stable than if there were only a single employer sponsoring the pension. This doesn't work so well in struggling industries, like mining."
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