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Pension plans to run dry by 2026

The federal program that insures pension plans for union workers is predicted to run out of money by 2026.

The multiemployer programs of the Pension Benefit Guaranty Corporation have a more than 90 percent chance of becoming insolvent by the end of 2025, according to the 2017 projections report.

The program covers 10 million union workers and retirees who receive pensions as part of collective bargaining agreements between unions and employers in the same industry.


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