Union-based pensions face major funding problems, PBGC says

Pension plans that cover workers in many labor unions are so underfunded that they are jeopardizing the agency that insures private pensions, according to reports from that agency, the Pension Benefit Guaranty Corp. The funding problem has worsened over the past year for the multi-employer pension plans, which cover about 10 million American workers and retirees.

View Full Article in:

Financial Times (tiered subscription model) · Wall Street Journal, The

Published in Briefs: