Source: Samuel S. Stanley, Journal of Pension Benefits, Vol. 26, No. 1, Autumn 2018
Multiemployer pension plans are a very important part of compensation for millions of union workers. Unfortunately, many of these plans are failing to achieve their most basic objectives. But now a creative and unique new approach exists —a “Cash Balance Solution” —which offers a new way to address and to solve these plans’ financial, human resources, and business-related issues.