Pension solvency a big concern for multi-employer plans

Increasing contributions not an option, decreasing benefits is
By Cameron Hunter
|Canadian HR Reporter|Last Updated: 03/22/2004

I

t has been a tough few years for multi-employer pension and benefit plans. While the situation looked relatively rosy before the new millennium, today’s reality is very different.

The bursting of the dot-com bubble, followed by the general market downturn and disturbingly low interest rates have converged with rapidly rising benefit costs to paint a pretty bleak picture.