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An estimated 114 multi-employer pension plans covering more than 1.3 million people are underfunded by more than $36 million and are expected to become insolvent in the next two decades, according to a new report. The Teamsters' Central States, the Bakery and Confectionary Workers Union, and the United Mine Workers plans account for $22.8 billion, about 62.5 percent, of the unfunded liability. (AP Photo/Jose Luis Magana)
Business

1.3 million workers’ pension plans expected to go insolvent

Sean Higgins -
0
The pension plans are going belly-up at a rate rapidly depleting the money needed to cover the losses. (Twitter)
Economy

Multiemployer pensions insolvent by 2025, agency says

Sean Higgins -
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Will Illinois Need a Federal Bailout?
Magazine

Will Illinois Need a Federal Bailout?

Ike Brannon -
0
Revealing this data across the board will allow citizens and policymakers to have a productive debate about pensions. (iStock by Getty Images)
Op-Eds

Make federal pensions transparent

Adam Andrzejewski, rep-ron-desantis -
0
The Pennsylvania Capitol building in Harrisburg. In Pennsylvania, the State Employees Retirement System assumes it will receive a 7.5 percent annual return on every investment it makes. In reality, PSERS only earned 0.4 percent on its investment of government employees' money, barely breaking even. Expected benefits won't be there when workers retire. (AP Photo/Matt Rourke)
Op-Eds

In many states, the pension time-bomb is ticking

Jesse Hathaway -
0
Illinois Gov. Bruce Rauner has faced relentless opposition from the state's Democrats as he has tried to cut spending and stand up to powerful unions. (Zbigniew Bzdak/Chicago Tribune via AP)
Beltway Confidential

Illinois downgraded: The Deadbeat State gets deadbeatier

Tom Rogan -
0
Puerto Rico’s Faux Pension Reform
Magazine

Puerto Rico’s Faux Pension Reform

Ike Brannon -
0
Business

Sanders, Democrats seek to undo bipartisan pension reform

Sean Higgins -
0
Two lawmakers say they will reintroduce an act, which was vetoed by Obama last year, that would cut allowances the allowances of ex-presidents. (AP Photo/Nam Y. Huh)
News

Obama’s $400K speaking fees prompt another GOP push to cut his pension

Daniel Chaitin -
0
Sen. Orrin Hatch, R-Utah, who authored the bill overturning the rules, earlier this month said they are
News

Senate overturns Labor regs on municipal savings plans

Susan Crabtree -
0
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