If the problem of not enough participants paying into the Multi-employer system, then why is the Single Employer system doing well ? Plus insurance for the full amount of most pensions. Its because companies have not contributed the right amount over the last thirty years and raising contribution rates such as what happened in my fund starting in 2011 was too little too late. Catch up football is a losing game. They (actuaries )won’t even end up with a slap on the wrist while we lose everything.
If the problem of not enough participants paying into the Multi-employer system, then why is the Single Employer system doing well ? Plus insurance for the full amount of most pensions. Its because companies have not contributed the right amount over the last thirty years and raising contribution rates such as what happened in my fund starting in 2011 was too little too late. Catch up football is a losing game. They (actuaries )won’t even end up with a slap on the wrist while we lose everything.