Example: How Multiemployer Plans Understate Their Liabilites
Created on July 30, 2015
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Read the original report, "Bankrupt Pensions and Insolvent Pension Insurance The Case of Multiemployer Pensions and the PBGCs Multiemployer Program," by Rachel Greszler.
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By assuming high interest rates and low life expectancies, multiemployers hide their unfunded liabilities.
Source: Author’s calculations based on an initial pension benefit of $30,000 per year with a 2 percent annual cost-of-living adjustment.
CHART 1 • BG 3029
Tags: pensions, Pension-Benefit-Guaranty-Corporation, insolvent