October 20, 2017
MEPS Could Significantly Impact the Federal Budget
Today the American Action Forum (@AAF) released new research examining the possible impacts multiemployer pension financing may have on the federal budget. It finds that multiemployer plans face significant long-term funding challenges and a small subset even face near-term insolvency. The study finds that federal credit assistance proposals could cost U.S. taxpayers $7 billion. It also finds, however, that a collapse of the multiemployer pension plans would result in significant federal budgetary exposure and economic disruption.