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Central States Teamsters Pension Fund finally gets its bailout money, as planned -- now what?  

by meep

Back in March 2021, the Moneypalooza Monstrosity, as I call it, or the American Rescue Plan of 2021 as others call it, passed.

One of the bailout provisions of the ARP was a multiemployer pension bailout, with a total price tag of $86 billion quoted at the time....

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Troubled Multiemployer Pensions: Central States Teamsters Files for Bailout  

by meep

It’s been a while since I’ve checked in on multiemployer pensions.

John Bury reports that Central States Teamsters has filed for their bailout from the Special Financial Assistance program:

The first 34 plans that filed requested a total $8.4 billion in bailout money from the PBGC Special Financial...

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Multiemployer Pensions: Will the Recent Bailout Destroy Pensions (in the Long Run)?  

by meep

I am skeptical about the long-lasting results from the multiemployer pension bailout

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MoneyPalooza Monstrosity: It Passed! More on the Multiemployer Pension Bailout  

by meep

Well, they did it. They finally did it.

You maniacs!!

I will be looking at the multiemployer pension bailout more in this post, and the state/local government bailout in a later post.

The state of the bailout: FULL AND MORE…..

NYT: Rescue Package Includes $86 Billion Bailout...

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MoneyPalooza Monstrosity -- The Return: Multiemployer Bailout  

by meep

Okay, the Dems have got all the power! (Well, barely. But still….)

So time for BAILOUT CITY! PARTY TIME!

We will see exactly how this shakes out, but one of the parts has got my attention: the Butch Lewis Emergency Pension Plan Relief Act of 2021, which...

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Other Pension News: Low Interest Rates, MEP Cuts, and More  

by meep

Clearing the decks for more mortality posts, let’s look at general non-public pension news.

Interest rate environment killing DB pensions

Bloomberg at Yahoo Finance: Pensions Swamped in a Sea of Negative Real Rates

Defined-benefit pension plans were already barely treading water heading into 2020. In the years ahead, the risk is...

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On the Bailouts That Didn't Happen, Part 1: Multiemployer Pensions  

by meep

Well, it looks like there’s still wrangling going on about a relief bill, and the various versions I’ve seen going around include all sorts of goodies that were “left out” of earlier bills due to sheer embarrassment. Well, the elections are over, many can stomach the embarrassment for at least...

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Reading the News with Meep: Illinois Pensions and Madigan, Calpers to Restrict New CIO, New Jersey Millionaire's Tax and More!  

by meep

As noted, the Actuarial Outpost is being transitioned somehow, and I will likely have to make my own pension story repository….depending on what the owner of the AO website does.

In the meantime, I will share with you the pension and other related stories I have been reading.

Illinois Public Pensions...

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Happy Labor Day! Pension Retrospective: Pension Primers, POBs, MEPs, and More!  

by meep

Happy Labor Day!

Today I’m wrapping up my series on STUMP themes with the top category of posts here: pensions!

Series links:

• The End of an Era: Where are the 80% funding myths of yesteryear?
• Mortality with Meep: Retrospective on Mortality Trends (and a wee bit about COVID)...

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MoneyPalooza Monstrosity! Looking at the Multiemployer Pension Provisions  

by meep

So I hear Pelosi’s HEROES bill passed on Friday, but no word on what the Senate is up to. [Well, evidently McConnell is full-throttle on confirming judges, but that’s about all I can see.]

By the way, if you were wondering what was in that $1 trillion that...

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