US. Pension Plan Funding Relief Needed ASAP
Last week, in a throwaway line in an article on multiemployer pensions, I considered it something of a given that, following a script similar to the 2008 crisis, Congress would provide “funding relief” to single-employer pension plan sponsors, allowing them to defer contributions to their pension plans which would otherwise be substantially elevated, and that it was multiemployer plans, with their pre-existing funding challenges, that faced greater difficulties. Unfortunately, that isn’t quite right. Single-employer plans are facing their own...