By Charles Blahous, includes “… The rules governing multiemployer plans are far too lax: Plans are not required to accurately measure their assets and liabilities, they are not required to meaningfully reduce underfunding as it emerges, and they are not charged adequate premiums. … A bailout leaving these problems in place risks ultimately putting taxpayers on the hook for over $600 billion in multiemployer pension underfunding …”
Read the full article on: Economics 21