Articles | May 12, 2020

Multiemployer Pension Plan Funding Status Improved in 2019

Like virtually everything else in the world, multiemployer pension plans will emerge from this pandemic transformed. And while many of those changes seem impossible to predict, it's important to remember that the pre-coronavirus  financial status of plans will bear some relationship to their health in our post-pandemic world.

That's why our survey of the funding status of nearly 200 calendar-year plans remains an important asset in helping you determine tomorrow's lay of the land. Download it now.  

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Highlights from our survey

The data we gathered shows that as of January 1, 2020, many multiemployer pension plans found themselves in a better position than expected. Here's some takeaways, which we explain in greater detail in the report you can download.

  • The average funded percentage improved in 2019.
  • The percentage of plans in the green zone increased.
  • Asset smoothing can be useful in dealing with the current crisis.

What does the future hold for your plan?

A plan’s direction is as important as its current zone status. The zone status certification is based on a particular set of assumptions. There is a risk that emerging results will differ significantly from that set of assumptions, particularly this year.

To learn more, download the report today.  

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