Multiemployer

Pensions in an Era of Longer Working Lives

Tim Hennessy
 

As more employees work past traditional retirement age, pension and benefit systems are colliding with assumptions built for a workforce that no longer exists—the result is a growing disconnect between modern economic realities and retirement rules rooted in policy decisions made nearly a century ago.

Freezing the Frame: Supreme Court Withdrawal Liability Case to Address Timing of Actuarial Assumptions

Guest Contributor
 

In the first withdrawal liability case to reach the Supreme Court in more than three decades, the Court will consider a statutory question, whose answer will determine pension plans have the flexibility to update actuarial assumptions after year end.

The Multiemployer Retirement Plan Landscape Report: DB Key Findings

Cathe Gooding, CEBS
 

The overall health of multiemployer defined benefit (DB) retirement plans improved from 2020 to 2021. The average multiemployer DB plan net investment return for 2021 was 14.5%, up from 2020 (11.4%), according to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2007-2021) recently […]

The Multiemployer Retirement Plan Landscape Report: DC Key Findings

Cathe Gooding, CEBS
 

The overall health of multiemployer defined contribution (DC) retirement plans improved from 2020 to 2021. The average account balance for a participant in a median multiemployer DC plan increased from $46,100 at the end of 2019 to $52,800 at the end of 2021, […]