Archived Insight | April 30, 2020

PLANSPONSOR Analysis of ME Plan Crisis and COVID-19

PLANSPONSOR gives an overview of how the pandemic's economic effects could place even more multiemployer pension plans in financial crisis. David Brenner, the national director of multiemployer consulting at Segal, discusses the details in the article.

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Key points from the article

Even before the COVID-19 pandemic left the American economy in tatters, a significant amount of multiemployer pension plans faced financial difficulties which threatened to leave them insolvent. The article from PLANSPONSOR discusses:

The structural challenges with which many multiemployer plans struggle
The recent history of proposed solutions from lawmakers and why they've so far fallen short
How much damage the COVID-19 pandemic might inflict on multiemployer plans across the country

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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.