Tag: multiemployer pension plan

Support is approved for Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund.

Aid to Michigan-based fund will benefit it more than 22,000 participants. 

The $221 million transaction will secure pension benefits for retirees and beneficiaries at Sound Retirement Trust, a multiemployer plan for...

The Newspaper Drivers Local 473 Plan will receive funding under the federal Special Financial Assistance Program.

Boilermaker-Blacksmith National Pension Trust claims arbitrator Richard C. McNeill Jr. incorrectly ruled that GE satisfied the building and construction industry...

This could be a reason to lower premiums, though insurance conditions have been volatile before.

Guarantee levels for single-employer plans will rise with inflation, but multiemployer plans are not indexed.

Lawyers for the plaintiff, a third-party administrator, alleged identical claims against each defendant.

The NYC-based plan will receive about $20 million to restore its solvency through 2051.

Even though it opens the process up for more pension funds to participate, few are likely to take advantage.

But performance for defined benefit plans did rebound in Q4, according to a new report.

The Pension Benefit Guaranty Corporation proposal clarifies assumptions for determining an employer’s withdrawal liability.

There are plenty of ideas to address the funding crisis facing certain multiemployer union pensions, but consensus federal legislation remains...

Lead actuaries at Segal say the Treasury Department is preparing to wrongfully reject an application to reduce benefit payments made...

The early financial assistance from PBGC, together with benefit reductions that are required as a condition for receiving assistance, will...

The Pension Analytics Group says the only solution is to reduce benefits across the board, or many of these plans...

The assistance, along with benefit reductions, will help the plan avoid insolvency.

The Butch Lewis Act offers a way to preserve union retiree pension benefits through an emergency loan program funded with...

Passionate testimony from a Teamster to the Joint Select Committee on the Solvency of Multiemployer Pension Plans appeared to outshine...

Commenting on the decision, Segal Consulting says it is “consistent with every other decision handed down in similar cases except...