New York (12/9/15) — Segal Consulting’s latest Survey of Plans’ Zone Status presents data for multiemployer pension plans with zone certification filing deadlines in the 12 months between October 1, 2014 and September 30, 2015. Key findings include:
“It is encouraging to see that nearly two-thirds of plans have consistently been in the green zone over the past few years,” commented David Blumenstein, senior vice president and national director of multiemployer consulting. He also noted, “plans in critical and declining status cover 23 percent of the 3.8 million participants of the plans surveyed. Those plans are beginning to assess the applicability of the new tools afforded to them by the Multiemployer Pension Reform Act.”
Read the full report, which includes five charts.
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Segal Consulting (www.segalco.com), a member of The Segal Group, is a leading, independent firm of benefits, compensation and human resources consultants. In 2014, The Segal Group is celebrating the 75th anniversary of its founding by Martin E. Segal. Segal is headquartered in New York and has nearly 1,000 employees throughout the U.S. and in Canada. Clients include state and local governments, corporations, non-profit organizations, professional service firms and joint boards of trustees administering pension and health and welfare plans under the Taft-Hartley Act.