Reports and Surveys | February 9, 2021
The economic impact of COVID-19 affected the multiemployer pension plans in our latest survey, which covers plans with plan years that begin from February 1, 2020 through July 1, 2020. These findings reflect the short-term economic impact of the COVID-19 pandemic on financial markets and employment levels. Market values have fluctuated during the COVID-19 pandemic, with dramatic declines through April 30, and increases during May and June.
When compared with the prior year, we discovered the following about the plans in the survey:
For trustees of multiemployer pension funds, there’s no greater challenge than navigating your plan through the current funding crisis. Knowing the details of how plans similar to yours have performed can provide a benchmark for your own plan’s performance. 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 (but is not limited to) 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.
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