Tuesday, August 29, 2006
Tweet[IWS] Segal: FUNDED POSITION of MULTIEMPLOYER PLANS Survey 2005
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Segal
2005 Survey of the Funded Position of Multiemployer Plans [17 August 2006]
http://www.segalco.com/publications/surveysandstudies/2005fundingsurvey.pdf
[full-text, 16 pages]
Segal's survey focuses on the withdrawal liability funded ratio: the ratio of asset to vested benefits calculated by the actuary for the purpose of withdrawal liability
Key findings of The Segal Company's 2005 Survey of the Funded Position of Multiemployer Plans include the following:
* The average withdrawal liability ratio for all of the surveyed plans was 80 percent. That average has declined steadily since the 2001 survey year.
* Only a small portion of the surveyed plans were fully funded for their vested benefits.
* The average withdrawal liability funded ratios declined between the 2004 and 2005 surveys in all industries except entertainment.
* The average withdrawal liability funded ratios were relatively consistent among plans of all participant sizes.
* There were some dramatic differences in the average withdrawal liability funded ratios among plans grouped by asset size.
More from the abstract at --
http://www.segalco.com/taft/pub-taft.cfm?ID=666
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Segal
2005 Survey of the Funded Position of Multiemployer Plans [17 August 2006]
http://www.segalco.com/publications/surveysandstudies/2005fundingsurvey.pdf
[full-text, 16 pages]
Segal's survey focuses on the withdrawal liability funded ratio: the ratio of asset to vested benefits calculated by the actuary for the purpose of withdrawal liability
Key findings of The Segal Company's 2005 Survey of the Funded Position of Multiemployer Plans include the following:
* The average withdrawal liability ratio for all of the surveyed plans was 80 percent. That average has declined steadily since the 2001 survey year.
* Only a small portion of the surveyed plans were fully funded for their vested benefits.
* The average withdrawal liability funded ratios declined between the 2004 and 2005 surveys in all industries except entertainment.
* The average withdrawal liability funded ratios were relatively consistent among plans of all participant sizes.
* There were some dramatic differences in the average withdrawal liability funded ratios among plans grouped by asset size.
More from the abstract at --
http://www.segalco.com/taft/pub-taft.cfm?ID=666
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 9:07 AM
