Example: How Multiemployer Plans Understate Their Liabilities
Created on December 10, 2015
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Read the original report, "The Multiemployer Pension Reform Act: Inadequate Response to Looming Pension Fund Insolvency," 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 3 • IB 4495
Tags: Multiemployer-Pension-Reform-Act, pensions, single-employers, multiemployer-program