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 Bail…
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.
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