IDEAS home Printed from https://ideas.repec.org/p/crr/issbrf/ib2014-14.html
   My bibliography  Save this paper

The Financial Status of Private Sector Multiemployer Pension Plans

Author

Listed:
  • Alicia H. Munnell
  • Jean-Pierre Aubry

Abstract

The brief’s key findings are: *While most multiemployer pension plans are finding their financial footing, a substantial minority face serious problems. *The key reason is a declining financial base, which results in negative cash flow. *Plans deemed in “critical” condition can raise contributions, cut future benefits, and/or cut “adjustable” benefits that apply to retirees as well as active workers. *To date, plans have focused on raising contributions and cutting adjustable benefits, with less emphasis on cutting benefit accruals for active workers. *Nevertheless, a simple model suggests that one third of “critical” plans could exhaust their assets within 30 years.

Suggested Citation

  • Alicia H. Munnell & Jean-Pierre Aubry, 2014. "The Financial Status of Private Sector Multiemployer Pension Plans," Issues in Brief ib2014-14, Center for Retirement Research.
    • Handle: RePEc:crr:issbrf:ib2014-14
    as

    Download full text from publisher

    File URL: http://crr.bc.edu/briefs/the-financial-status-of-private-sector-multiemployer-pension-plans/
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:crr:issbrf:ib2014-14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Amy Grzybowski or Christopher F Baum (email available below). General contact details of provider: https://edirc.repec.org/data/crrbcus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.