Randall & Hurley, Inc.
Loren D. Stark Company
EPIC Retirement Plan Services
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|PBGC Finds Holes in Safety Net for Multiemployer Plans|
Mar. 16, 2015
"Twenty-one percent of multiemployer participants in 'current plans' -- that is, insolvent plans currently receiving financial assistance from PBGC -- have experienced or are projected to experience a reduction in benefits ... compared with 16% of participants in the agency's most recent study of single-employer plans. For 'future plans' -- that is, terminated plans that have not yet started receiving financial assistance from the PBGC, but are expected to in the future -- that number is projected to be 51%[.]"
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