Obviously, bailouts are going to help at least a few multiemployer pensions in the short run, but as I showed earlier, the amount being shoveled at MEPs is only a small percentage of the amount needed to make plans whole. The amount in the bill (note: below it is claimed there is no cap) is only 13% of the last-measured unfunded liability for all MEPs. Now, sure, given the profligacy of the current Congress & White House admin, that can be inflated to 100%. No problem.
Multiemployer Pensions: Will the Recent…
Obviously, bailouts are going to help at least a few multiemployer pensions in the short run, but as I showed earlier, the amount being shoveled at MEPs is only a small percentage of the amount needed to make plans whole. The amount in the bill (note: below it is claimed there is no cap) is only 13% of the last-measured unfunded liability for all MEPs. Now, sure, given the profligacy of the current Congress & White House admin, that can be inflated to 100%. No problem.
Create your profile
Only paid subscribers can comment on this post
Check your email
For your security, we need to re-authenticate you.
Click the link we sent to , or click here to sign in.