More than half of the participants in multiemployer plans that are expected to need help from the Pension Benefit Guaranty Corp. will see their pensions cut, according to a study released by the agency Wednesday.

That’s a considerably higher figure than the roughly 20 percent of participants in such plans that have seen cuts in benefits after becoming insolvent.

The study examined 109 plans, covering 152,000 participants, in plans that are either already insolvent and receiving PBGC assistance, or plans that are expected to need financial assistance in the future.

There are 64 terminated plans that are expected to run out of money within the next 10 years, according to the PBGC. The study didn’t look at those.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.