The Pension Benefit Guaranty Corporation (PBGC) recently released a study of revenues needed for PBGC to continue to protect participants in multiemployer plans that are likely to run out of money—and the news isn’t good.
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“Without changes, the multiemployer insurance program is likely to run out of money by 2025,” says PBGC Director Tom Reeder, quoted in a press release. “This report offers vital information for Congress as it considers how to stabilize the program and put it on sound financial footing.”