Following a year in which stock markets posted healthy gains, the organization running Ohio’s public employee benefits is cutting back — a lot.
Read MoreRetired Ohio Public Workers Receive Massive Cuts to Health Care Benefits Starting in 2022
Tag: pension plans
The $36 Billion Multi-Employer Pension Time Bomb Is Almost Ready to Go Off
By Robert Romano 114 out of the nation’s 1,400 multi-employer pension plans covering 1.3 million workers are underfunded to the tune of $36.4 billion, with plans expected to start going insolvent in the next 5 years or so, an Aug. 2017 analysis by Cheiron has found. This is the end result…
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