Archived Insight | April 12, 2022

Well-Funded Multiemployer Pension Plans Improved Benefits

Financially troubled multiemployer pension plans continue to be the focus of attention, particularly now that they may be eligible to apply for PBGC special financial assistance (SFA). Despite that understandable spotlight, it’s important to keep in mind that most plans are not in critical and declining status (i.e., facing insolvency).

In fact, many strong multiemployer pension plans have improved benefits over the past three years.

To see a snapshot of data from our latest survey, download an infographic.

Get the Infographic

Well-Funded Multiemployer Pension Plans Improved Benefits Download Now

Is your board considering making benefit improvements?

We can help you evaluate your plan’s financial health and the affordability of benefit improvements. Let's Talk.

Segal’s Winter 2022 Survey of Plans’ Zone Status

The 283 plans included in this survey are those with plan years that range from January 1 to July 1.

As a group, these plans have more than $215 billion in assets, provide benefits to just over 3.5 million participants and represent approximately one-third of all participants in multiemployer plans.

The 2021 zone-status certifications for the plans in the survey reflect investment performance before the current market volatility and geopolitical uncertainty.

 

See more insights

Senior Couple Doing Online Banking Together

Webinar on Meaningful Retirement Income

What makes a successful retirement program? Join our webinar November 25 to learn 3 key components that are essential to retirement plan success.

Retirement, Investment, Multiemployer Plans, Public Sector, Corporate, Technology, ATC

Register for the webinar

US Capitol Building With People

New Standards for Mental Health Parity Under the Final MHPAEA Rules

Watch our webinar to learn specifics behind the final rules and what they mean for your health plan.

Health, Compliance, Multiemployer Plans, Public Sector, Healthcare Industry, Higher Education, Architecture Engineering & Construction, Pharmaceutical, Corporate

Watch the Webinar

South Asian Couple Reviewing Retirement Plan And Paperwork

Numbers Retirement Plan Sponsors Need to Know for 2025

Retirement plan sponsors must make sure to incorporate the new maximums, limits and thresholds into their software programs or spreadsheets for 2025.

Retirement, Compliance, Multiemployer Plans, Public Sector, Healthcare Industry, Higher Education, Architecture Engineering & Construction, Corporate

Read Full Insight

This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.