COVID-19 gives rise to multiemployer pension funding relief considerations

Now that the United States Congress has passed another COVID-19 stimulus bill, attention has shifted to the next phase, which could include legislation directly affecting multiemployer pension plans. Addressing system-wide changes is a difficult undertaking as history has shown that sometimes pension reform measures have the unintended consequence of negatively affecting the defined benefit system. This Multiemployer Alert by Milliman’s Joel Stewart and Yutaro Seki provides a summary of past multiemployer pension funding relief as well as recent proposals.

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