GAO warns of insolvent multi-employer pension plans

04/9/2013 | Wall Street Journal/CFO Journal, The

A "significant" number of multi-employer pension plans are still viewed as critical or endangered, leading the Government Accountability Office to conclude that the number of insolvencies could double by 2017. Of the 107 multi-employer plans surveyed, 67 are expected to emerge from critical status over the next decade, but 28 likely will not, the GAO says.

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