Multiemployer Pension Funding Improving
Milliman recently released its Fall 2017 Multiemployer Pension Funding Study. According to the study, multiemployer pension funding as of June 30th is nearing its best position since the market collapse of 2008. The aggregate funded percentage for multiemployer plans is estimated to have improved to 81% as compared to 77% as of last December. This improvement reduced the pension shortfall by a projected $21 billion. While the funding of multiemployer pension funds is improving, unfortunately, the gap between the funding percentages of critical versus non-critical plans continues to widen.
For the complete study see: http://us.milliman.com/insight/Periodicals/multiemployer-pfs/Multiemployer-Pension-Funding-Study-Fall-2017/