Description: In this paper, the long-term funding consequences of negotiated improvements in pension plans are examined. Particular emphasis is placed on the effects on both contribution rates and the overall funding position of the plan of such things as benefit increases to retirees, reductions in the average retirement age, economic events that affect the size of the active work force, and the interplay between the increases in pay and benefit rates and the other valuation assumptions. A simulation model is used to uncover the influence of each variable. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: In this 1981 discussion session, the panelists express their views on the Multiemployer Pension Plan Amendments Act of 1980.

Description: This is a panel discussion session on the Multiemployer Pension Plan Amendment Act of 1980. From Transactions of Society of Actuaries 1981, Vol. 7, No. 1.

Description: Panelists examine the basic structure and current actuarial issues relating to multi-employer pension plans, including the interface of the collective bargaining environment and the operations of the plan and trust under the Taft-Hartley Act. From the Record of the Society of Actuaries, Vol. 25, No. 3.

Description: Updated study of metrics for measuring the financial stress imposed on multiemployer pension plans by the combination of unfunded liabilities and declining numbers of active participants

Description: This article discusses three litigation issues: 1. Shelter Framing Corp. v. PBGC: This is a case recently placed on the Appellate Docket of the U.S. Supreme Court being appealed from the Ninth Circuit Court of Appeals. That Circuit Court held that the Multiemployer Pension Plan amendments Act, which imposes liability on employers who withdrew from multiemployer plans, is unconstitutional as applied to employers who withdraw before the Act’s enactment but after its retroactively effective date. 2. Federal Trade Commission: The U.S. District Court for the Eastern District of Pennsylvania has held that an investigation by the FTC into whether finance companies and auto dealerships were engaging in unfair and deceptive practices by representing that purchase of credit life insurance was required as a condition to obtain financing, was not outside the FTC’s power. 3. Baldwin-United Case: Under the rehabilitation plan for Baldwin-United, the Company would refund $3.7 billion to the annuity holders. Several groups are challenging this decision.

Description: Pension stats sheet for the American Federation of Musicians and Employers’ Pension Fund for 2018.

Description: Practitioners in the pension field have come to recognize that there are four broad sub-specialties: small plans also known as tax-shelters, larger corporate plans, governmental plans, and Taft-Hartley jointly trusteed programs. Knowledge and even expertise in one specialty is not necessarily transferable to the others.

Description: The abstract on the paper Extending ERM to Multi-Employer Pension Plans.

Description: Topics include rising minimum funding in the face of fixed contractual contribution rates improving the lines of communication between professional advisers, the board of trustees and the fund administrator and late-breaking developments related to multi-employer plans. From the Record of the Society of Actuaries, Volume 29, No. 2, Session 86pd.