Download or read book Multiemployer Retirement Plans written by Daniel F. McGinn and published by . This book was released on 2004 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book explores at length the fabric of multiemployer retirement plans, starting with their formation and moving through plan design, administration, investments, actuarial computations, governmental regulation and future factors that could influence multiemployer retirement systems. The author examines the nature of multiemployer retirement systems, explains how they operate and presents his view of the future of these plans.
Download or read book Private Pensions written by Barbara Bovbjerg and published by DIANE Publishing. This book was released on 2011-04 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thirty years ago Congress enacted protections to ensure that participants in multiemployer pension plans received their promised benefits. These defined benefit plans are created by collective bargaining agree. covering more than one employer. Today, these plans provide pension coverage to over 10.4 million participants in approx. 1,500 multiemployer plans insured by the Pension Benefit Guaranty Corp. (PBGC). This report examines: (1) the current status of nation's multiemployer plans; (2) steps PBGC takes to monitor the health of these plans; (3) the structure of multiemployer plans in other countries; and (4) statutory and regulatory changes that could help plans provide participants with the benefits they are due. Illus. This is a print on demand report.
Download or read book Multiemployer Defined Benefit DB Pension Plans written by Congressional Research Service and published by CreateSpace. This book was released on 2014-10-07 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multiemployer defined benefit (DB) pension plans are pensions sponsored by more than one employer and maintained as part of a collective bargaining agreement. About 3.2% of all DB pension plans, covering 25% of all DB pension plan participants, are multiemployer plans. Nearly all of the remaining DB pension plans are maintained by a single employer. A few DB pension plans are maintained by more than one employer but are not maintained under a collective bargaining agreement. In DB pension plans, participants receive a monthly benefit in retirement that is based on a formula. In multiemployer DB pensions, the formula typically multiplies a dollar amount by the number of years of service the employee has worked for employers that participate in the DB plan. DB pension plans are subject to funding rules in the Internal Revenue Code (26 U.S.C. §431) to ensure they have sufficient resources from which to pay promised benefits. Because single employer and multiemployer DB pension plans have different structures, Congress has established separate funding rules for these plans. The funding rules for multiemployer DB pension plans are set to expire at the end of 2014, and Congress has been considering proposals that would alter these rules. Although most multiemployer DB pension plans have sufficient resources from which to pay their promised benefits, a few large plans are expected to become insolvent in the next 20 years. The Pension Benefit Guaranty Corporation (PBGC) is a U.S. government agency that insures the benefits of participants in private-sector DB pension plans. As with the funding rules, Congress established separate PBGC programs to insure single and multiemployer DB pensions. For example, PBGC becomes the trustee of terminated single employer DB pension plans. PBGC does not become the trustee of multiemployer DB pension plans; rather, it makes loans to insolvent multiemployer DB plans so the plans may continue to pay participants' guaranteed benefits. Although PBGC has sufficient resources to make loans to smaller multiemployer DB plans, the insolvency of a large multiemployer DB pension plan would likely result in a substantial strain on PBGC's multiemployer insurance program. In the absence of increased financial resources for PBGC, participants in insolvent multiemployer DB pension plans might not receive all of the benefits guaranteed by PBGC. In a report released in June 2014, PBGC indicated that the multiemployer insurance program is highly likely to become insolvent by 2025.
Download or read book Hearings on the Multiemployer Pension Plan Amendments Act of 1979 written by United States. Congress. House. Committee on Education and Labor. Subcommittee on Labor-Management Relations. Welfare and Pension Plans Task Force and published by . This book was released on 1980 with total page 1644 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Multiemployer Pension Plan Data are Inaccurate and Incomplete written by United States. General Accounting Office and published by . This book was released on 1982 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Assessment of Special Rules Exempting Employers Withdrawing from Multiemployer Pension Plans from Withdrawal Liability written by United States. General Accounting Office and published by . This book was released on 1984 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private pensions multiemployer plans face short and longterm challenges written by and published by DIANE Publishing. This book was released on 2004 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Multiemployer Pension Plans and the Pension Benefit Guaranty Corporation written by Arthur Hendriks and published by Nova Science Publishers. This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multiemployer pension plans, created by collective bargaining agreements including more than one employer, cover more than 10 million workers and retirees, and are insured by the Pension Benefit Guaranty Corporation (PBGC). In recent years, as a result of investment market declines, employers withdrawing from plans, and demographic challenges, many multiemployer plans have had large funding shortfalls and face an uncertain future. This book examines the actions that multiemployer plans in the weakest condition have taken to improve their funding levels and the options available to address PFBC's impending funding crisis and enhance the multiemployer insurance program's future financial stability.
Download or read book Assessing the Challenges Facing Multiemployer Pension Plans written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions and published by . This book was released on 2012 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Plan Termination Insurance for Multiemployer Pension Plans written by United States. Congress. Senate. Committee on Finance. Subcommittee on Private Pension Plans and Employee Fringe Benefits and published by . This book was released on 1980 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Multiemployer Pension Plan Amendments Act of 1979 written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1980 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Challenges Facing Multiemployer Pension Plans written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions and published by . This book was released on 2014 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Study of Multiemployer Plans written by Ronald L. Huling and published by . This book was released on 1979 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report analyzes a review of multiemployer pension plans, conducted in 1978. It "includes a review of plan provisions and the development of multiemployer plan models, an analysis of the effects of ERISA [early retirement legislation] on these plans, an assessment of future trends, ... and an analysis of plan merger activity and plan provisions relating to employer withdrawal and reciprocity"--Page [i].
Download or read book Multiemployer Pension Plan Amendments Act of 1979 written by United States. Congress. Senate. Committee on Labor and Human Resources and published by . This book was released on 1979 with total page 1236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strengthening the Multiemployer Pension System written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Health, Employment, Labor, and Pensions and published by . This book was released on 2014 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reforming and Strengthening Defined Benefit Plans written by United States. Congress. House. Committee on Education and the Workforce. Subcommittee on Employer-Employee Relations and published by . This book was released on 2004 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Conditions of Multiemployer Pension Plans Generally Improved from 1978 to 1980 written by United States. General Accounting Office and published by . This book was released on 1985 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
