Modeling the Costs of the Pension Benefit Guaranty Corporation’s Multiemployer Program: Working Paper 2017-04

Wendy Kiska, Jason Levine and Damien Moore

No 52749, Working Papers from Congressional Budget Office

Abstract: The Pension Benefit Guaranty Corporation (PBGC), a government-owned corporation, insures the pension benefits of more than 10 million participants in multiemployer defined benefit pension plans. Multiemployer plans are typically offered, as part of collective bargaining agreements, by multiple unrelated employers that are jointly responsible for funding the plan. In recent years, many multiemployer plans have experienced underfunding, and some plans now face insolvency. Many beneficiaries of insolvent plans are likely to receive less than their insured benefits, because

JEL-codes: G22 G23 G28 J32 (search for similar items in EconPapers)
Date: 2017-06-06
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