Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|DOL Places 150 Union Pension Funds in 'Critical' Status|
Feb. 2, 2015
"Another 85 funds are listed as being 'endangered,' meaning they lack the assets to meet at least 80 percent of their future obligations. 'These are lists of plans whose own funding [levels] puts the plan at risk,' said Norman Stein, senior policy adviser to the Pension Rights Center ... That status gives the trustees the option of cutting some benefits as part of a rehabilitation plan to get the program back to health."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|