Opinion: Multiemployer pension plans can’t cut their way to solvency

Alicia Munnell  |  September 13, 2018

“Policy makers in Washington are hard at work trying to find a solution to the multiemployer plan crisis. A solution is essential because multiemployer plans pay relatively low benefits to relatively low-paid workers. Without these benefits, many would be destitute. … MPRA has taught us that plans cannot cut their way to solvency. Another solution is needed, and fast. Government loans seem like a logical approach for these plans facing an impending cash-flow crisis. Let’s hope that the Joint Select Committee can agree on a proposal.”

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