Sponsors of collectively bargained multiemployer pension plans increased contributions to plans between 2009 and 2013.
Still, many plans saw their unfunded liability grow during that time, according to a new report by the Society of Actuaries.
The system’s aggregate contributions increases 6.9 percent a year during the period, more than triple the average inflation rate of 2.1 percent.
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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.
