4/12/2014 – Thought Secure, Pooled Pensions Teeter and Fall (New York Times)

Apr 14, 2014 No Comments by

The pensions of millions of Americans are being threatened because of trouble in a part of the retirement world long considered so safe that no one gave it a second thought.

The pensions belong to people in multiemployer plans — big pooled investment funds with many sponsoring companies and a union. Multiemployer pensions are not only backed by federal insurance, but they also were thought to be even more secure than single-company pensions because when one company in a multiemployer pool failed, the others were required to pick up its “orphaned” retirees.

Read the full article at the New York Times.

Financial Landing 2014

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