The American Academy of Actuaries hosted a series of briefings to provide a comprehensive look at the multiemployer pension crisis. Together, they equipped attendees with a solid foundation of the past, present, and potential future of multiemployer pension plans.
Session 1: Background and Current State
This session was held on July 15, 2019, and provided an introduction to multiemployer pension plans and the serious challenges currently facing them, including a review of the basics of multiemployer defined benefit pension plans and their unique characteristics.
Session 2: Possible Approaches for Addressing Failing Plans
July 22, 2019 | Noon to 1 p.m. | G11 Dirksen Senate Office Building (SD-G11)
This session was held on July 22, 2019, and reviewed and analyzed various possible approaches for addressing failing multiemployer plans.
Session 3: Strengthening the System for the Future
August 2, 2019 | Noon to 1 p.m. | 485 Russell Senate Office Building
This session was held on Aug. 2, 2019, and focused on potential long-term reforms to the multiemployer system to stabilize plans and minimize the possibility that there will be another crisis in the future.
- Loan Programs for Underfunded Multiemployer Plans
- Follow-up Letter to Joint Select Committee on Solvency of Multiemployer Pension Plans
- Overview of Multiemployer Pension System Issues
- Academy Senior Pension Fellow Ted Goldman Congressional Testimony on Multiemployer Pension Plans
- Academy Pension Vice President Josh Shapiro Testifies Before House Subcommittee on Multiemployer Pension Issues