Study: 1M Americans might lose federally insured pensions

More than 1 million Americans covered by multi-employer pension plans are in danger of losing retirement benefits when the plans collapse in the next few years, according to a study by the Pension Benefit Guaranty Corp. The study says that as these plans fail, federal insurance that is supposed to protect members’ benefits “is more likely than not to run out of money within the next eight years.” The New York Times (tiered subscription model)/DealBook blog (6/30)

Last Updated 12/02/2020

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