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What the $42 Billion Multi-Employer Pension Fund Deficit Means for the Construction Industry

Posted in Withdrawal Liability

On November 17, 2014, the federal Pension Benefit Guaranty Corp released a dire report for multi-employer pension funds – they are chronically underfunded to the tune of $42.2 billion. ¬†As ENR reports, nearly 4 million workers in the construction industry are covered by multi-employer plans and the construction industry accounted for 55% of all multi-employer… Continue Reading