Contributor: Joseph Sodemann, CFA
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The Right Tools for the Job: Managing Pension Risk for Multiemployer Plans
At the end of 2025, multiemployer plans in the aggregate found themselves in a desirable position. According to Milliman’s multiemployer pension funding study for year-end 2025, aggregate funded status for defined benefit plans climbed past the fully funded mark to 103%, an improvement of over 50 percentage points from the trough measured in 2009! The…
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Change Brings Opportunity for Multiemployer Plans
It has been approximately four years since the passage of the American Rescue Plan Act (ARPA) legislation, which contained a Special Financial Assistance (SFA) provision for certain multiemployer plans.[1] This landmark bill provided the opportunity for financially troubled plans to apply to the Pension Benefit Guaranty Corporation (PBGC) for funding relief. Since this December marks…