Wednesday, April 6, 2016

Planning for Hillary's 2025 rcession


Working overtime to make sure it happens.  Meanwhile we still have to get through Obama's recession. 
PlanSponsor: The Pension Benefit Guaranty Corporation (PBGC) issued its study of revenues needed to continue to protect participants in multiemployer plans that are likely to run out of money.
The multiemployer program’s current assets are only a small fraction of the amount needed to cover guaranteed benefits for more than one million people in plans expected to run out of money in the next decade. “Without changes, the multiemployer insurance program is likely to run out of money by 2025,” says PBGC Director Tom Reeder. 

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