There are 200 U.S. “multi-employer” pension plans at risk, covering 1.5 million American workers. (Companies and worker unions co-manage the plan.)
The stress: there is not enough money in plans to cover “the promise” made to the workers — who according to all of the surveys, need the money for retirement (Americans simply do not save enough for the Golden Years).
The Boston College Center for Retirement Research explains that the 1,400 multi-employer plans have a half-trillion-dollar “hole) of liabilities that are unfunded ($500 billion plus). What to do? What Are the Consequences for the American Corporate Community? For Investors in under-funded plan risk?
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