While the market value of assets for all multiemployer plans increased by
"People assume that the stock market recovery would be enough to push these multiemployer plans back to where they were in 2007, but it's not that simple," said
Approximately 15% of multiemployer pension plans are less than 65% funded as of
The study notes that the recently enacted Multiemployer Pension Reform Act of 2014 provides new tools to the Trustees of the most severely underfunded multiemployer plans.
To view the complete study, go to http://www.milliman.com/mpfs/.
Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit www.milliman.com
About the Milliman Multiemployer Pension Funding Study
This study aims to provide a current and comprehensive examination of all of the nearly 1,300 multiemployer plans in the country. The results are based on estimates derived from publicly available Form 5500 data as of
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/milliman-analysis-2014-a-so-so-year-for-most-multiemployer-plans-300052320.html
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