GAO warns of insolvent multiemployer pension plans

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

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

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