114 Multiemployer Pension Plans Projected to Fail Within 20 Years

As many as 114 multiemployer pension plans covering nearly 1.3 million workers are severely underfunded and headed toward failure within the next 20 years. As the demand for Pension Benefit Guaranty Corp. assistance for insolvent plans increases, it will further strain PBGC’s waning assets—leading to an estimated depletion of the fund by the end of 2025.
Source: New feed 2