Most calendar-year multiemployer plans — 65 percent — are still in the green zone, according to Segal Consulting’s latest survey.
Segal’s latest survey, which covers 2018 certifications that were due by March 31 for 200 clients that have calendar-year plans, also found:
Those survey findings are presented in an infographic.
“Although it is encouraging that most plans are ‘green,’ it’s important to keep in mind that one-quarter of calendar-year plans are in the red zone,” noted Diane Gleave, senior vice president and actuary for Segal. She added, “Red-zone plans that are in critical and declining status (10 percent of plans in the survey, some of which are very large) are unlikely to recover without some form of financial assistance.”
“The multiemployer pension plan community is closely following the work of the Congressional Joint Select Committee on Solvency of Multiemployer Pension Plans tasked with finding a solution to this complex problem,” said David Brenner, National Director of Multiemployer Consulting.
To speak with a representative of Segal about the survey and the overall health of multiemployer pension plans, please contact Erin Burns.
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The Segal Group (www.segalgroup.net) is a private, employee-owned consulting firm headquartered in New York and with more than 1,000 employees throughout the U.S. and Canada. Members of The Segal Group include Segal Consulting, Sibson Consulting, Segal Select Insurance Services, Inc. and Segal Marco Advisors.
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