Reports and Surveys | August 17, 2022
In 2021, multiemployer pension plans faced continued financial market volatility as well as economic uncertainty surrounding the ongoing COVID-19 pandemic. Despite these challenges, most calendar-year multiemployer pension plans saw strong investment returns in 2021, resulting in improvements in their funding levels over the prior year. The percentage of plans in the green zone is near the level last seen just before the 2008 financial crisis.
According to the latest 2022 Segal survey of plan funding and zone status:
For trustees of multiemployer pension funds, there’s no greater challenge than navigating your plan through volatile periods. Knowing the details of how plans similar to yours have performed can provide a benchmark for your own plan’s performance.
The survey includes nearly 200 calendar-year plans that filed “zone status” certifications with the government in March 2022. That’s approximately one-half of all plans for which Segal is the actuary. As a group, these plans have more than $140 billion in assets, provide benefits to 2.5 million participants and represent nearly 25 percent of all participants in multiemployer plans.
This data, combined with the insight we’ve developed from decades of working with multiemployer pension plans, makes this report an invaluable tool for trustees.
This report includes insights on:
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.