Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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|Multiemployer Pension Plan Bailout May Cost $527 Billion More Than Expected|
June 3, 2021
"The bailout was set for $86 billion but the Congressional Research Service (CRS) put out a report listing plans they thought would be eligible and it totaled $149 billion in unfunded liabilities. Yet CRS left out a lot of plans ... who might get themselves eligible for some of that bailout money and those unfunded liabilities came to: $526,809,656,346 for 8,228,401 participants in 909 plans."
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