The PBGC, in its report to Congress, projects the likelihood of insolvency of its Multiemployer plan insurance program over a 20 year period absent a significant premium increase.
Document Excerpt
Based on these projections, and assuming no changes either in multiemployer plans or in PBGC’s Multiemployer Program, there is more than a 40 percent likelihood that the assets of PBGC’s multiemployer insurance program will be exhausted by 2024 (43% if no plans elect to suspend or partition, 41% using best estimate assumptions of Future Suspensions and partitions) and over a 90 percent likelihood of exhaustion by the end of the projection period (93% if no plans elect to suspend or partition, 92% using best estimate assumptions of future suspensions and partitions). It is more likely than not that PBGC’s multiemployer fund will be exhausted by 2025, whether or not plans make use of suspension and partition.
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Link
http://www.pbgc.gov/documents/Five-Year-Report-2016.pdf
