08 Apr '13, 3pm

Drumbeat: April 8, 2013

Drumbeat: April 8, 2013

The Pension Benefit Guaranty Corporation's (PBGC) financial assistance to multiemployer plans continues to increase, and plan insolvencies threaten PBGC's multiemployer insurance fund's ability to pay pension guarantees for retirees. Since 2009, PBGC's financial assistance to multiemployer plans has increased significantly, primarily due to a growing number of plan insolvencies. PBGC estimated that the insurance fund would be exhausted in about 2 to 3 years if projected insolvencies of either of two large plans occur in the next 10 to 20 years. More broadly, by 2017, PBGC expects the number of insolvencies to more than double, further stressing the insurance fund. Report: http://www.gao.gov/assets/660/653383.pdf pg 27 - Figure 6: Illustration of the Manner by Which Financial Distress in Multiemployer Plans May Spread to Other Employers and Plans … a number of plans, includ...

Full article: http://www.theoildrum.com/node/9936

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SearchCap: The Day In Search, April 8, 2013

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Drumbeat: April 10, 2013

Drumbeat: April 10, 2013

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Drumbeat: April 3, 2013

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Drumbeat: April 15, 2013

Drumbeat: April 15, 2013

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