2015年养老金40：特里奥沙利文

特里奥沙利文我想逃离养老金福利担保公司，他意味着不尊重PBGC，这是一个在埃里拉根据埃里拉建立的保险计划，以接管陷入困境或失败的养老金计划并继续福利流动。但由于净亏损523亿美元，PBGC通过自己的估计，缺乏资本来涵盖预期的需求。“We see it as something that’s broken and cannot be fixed,” says O’Sullivan, 60, a San Francisco native and a member of a local in Charleston, West Virginia, who has run the Laborers’ International Union of North America since 2000. “We believe in solutions, not bailouts,” he says. “If you give us the tools and the flexibility, we can fix our own problems.” From the start, the relationship between multiemployer plans and the PBGC has been uneasy. Multiemployer funds do not have the same type of default risk as single-employer funds dependent on a corporation. Historically, the PBGC has not stepped in to save multiemployer funds until all their assets have been depleted, and the funds have paid lower premiums than single plans. The Kline-Miller Multiemployer Pension Reform Act of 2014, which O’Sullivan generally supported, sought unsuccessfully to hike multiemployer premiums from $12 per participant per year to $40. The rate is now $26. O’Sullivan contends that hiking the premium merely punishes healthy funds and retirees. As a result, he and others are pushing for legislation that would take away the PBGC backstop and empower trustees to fix their funds. “We’re not calling for the dissolution of the PBGC,” O’Sullivan says. “What we’re saying is it is not suitable long-term for [multiemployer] funds. We don’t want to pay any more premiums, and the PBGC can’t handle any more liabilities.”