Sentences with phrase «cover multiemployer»
By its own estimation, its fund to cover multiemployer pensions (which makes up $ 65 billion of the deficit) will be insolvent by 2025.
https://www.sovereignman.com/ Not exact matches
Another PBGC program insures multiemployer plans covering unionized workers of non-related employers in the same industry, such as trucking or construction.
Multiemployer Pension Plan Insurance Program - A PBGC insurance program that covers private (non-governmental) multiemployer defined bMultiemployer Pension Plan Insurance Program - A PBGC insurance program that covers private (non-governmental) multiemployer defined bmultiemployer defined benefit plans.
Insured Plan - A pension plan covered by PBGC's Single - Employer Pension Plan Insurance Program or Multiemployer Pension Plan Insurance Program.
Withdrawal Liability (for Multiemployer Plans only)- The liability assessed by a multiemployer defined benefit plan against an employer that (1) permanently stops contributing to the plan, (2) permanently ceases covered operations under the plan, or (3) under certain circumstances, reduces its contributionsMultiemployer Plans only)- The liability assessed by a multiemployer defined benefit plan against an employer that (1) permanently stops contributing to the plan, (2) permanently ceases covered operations under the plan, or (3) under certain circumstances, reduces its contributionsmultiemployer defined benefit plan against an employer that (1) permanently stops contributing to the plan, (2) permanently ceases covered operations under the plan, or (3) under certain circumstances, reduces its contributions to the plan.