"The Multiemployer Insurance Program's positive net position of $481 million at the end of FY 2021 is in sharp contrast to the agency's deep deficit of $63.7 billion at the end of FY 2020, a dramatic improvement of $64.2 billion. The agency's Multiemployer Insurance Program -- which was expected to run out of money in FY 2026 -- is now likely to remain solvent for more than thirty years, due to the enactment of the American Rescue Plan Act of 2021 (ARP). PBGC's Single-Employer Program remains financially healthy with a positive net position of $30.9 billion at the end of FY 2021, compared to $15.5 billion at the end of FY 2020, an improvement of $15.4 billion." [Full text of the 157-page 2021 Annual Report is available here.]  MORE >>