Reports and Surveys | May 7, 2021
With a global pandemic and financial market volatility, 2020 was an unprecedented year. Despite the turmoil of the past year and future economic uncertainty, most calendar-year multiemployer pension plans saw little change in their funding levels from January 1, 2020 to January 1, 2021.
This survey includes nearly 200 calendar-year plans. That’s approximately one-half of all plans for which Segal is the actuary. As a group, these plans have more than $125 billion in assets, provide benefits to nearly 2.5 million participants and represent approximately 25 percent of all participants in multiemployer plans.
According to the latest Segal survey of plan funding and zone status:
The survey results doesn't take into account the temporary relief provisions for multiemployer pension plans under the American Rescue Plan Act of 2021 (ARPA) but we discuss those provisions in the report.
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.
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