In this episode, I give some background on the players in the Central States Teamsters bailout — the PBGC, ERISA, the prior attempts at fixing multiemployer plans, why multiemployer plans got into trouble compared to single employer plans - and more!
STUMP - Meep on public finance, pensions, mortality and more is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Episode Links
Current Events
Dec 10, 2022: Central States Teamsters Pension Fund finally gets its bailout money, as planned -- now what?
John Bury at burypensions: Central States Bailout Approved
Pensions & Investments: Biden announces $36 billion in federal aid for struggling Central States Teamsters plan
Background Reading
Department of Treasury: Frequently Asked Questions about the Kline-Miller Multiemployer Pension Reform Act
May 2016: Central States: I Guess the Plan is To Run Out of Money
John Bury’s entire Multiemployer Pensions category at burypensions
STUMP - Meep on public finance, pensions, mortality and more is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
