• Heritage Action
  • More

"Guaranteed" Pension Benefits Could Drop More Than 90 Percent

Created on July 30, 2015

"Guaranteed" Pension Benefits Could Drop More Than 90 Percent


DOWNLOAD a high-resolution version of this graphic.

Read the original report, "Bankrupt Pensions and Insolvent Pension Insurance The Case of Multiemployer Pensions and the PBGCs Multiemployer Program," by Rachel Greszler.

VIEW all graphics for this report.

Current workers and retirees with multiemployer pensions could be left with pennies on the dollar if their plans fail and the PBGC becomes insolvent—or worse, nothing if the PBGC goes bankrupt.

Source: Charles Jeszeck, “Private Pensions: Multiemployer Plans and PBGC Face Urgent Challenges,” testimony before the Subcommittee on Health, Employment, Labor and Pensions, Committee on Education and the Workforce, U.S. House of Representatives, March 5, 2013, http://www.gao.gov/assets/660/652687.pdf (accessed April (accessed April 16, 2015).

CHART 2 • BG 3029

Tags: pensions, Pension-Benefit-Guaranty-Corporation, insolvent