"Multiemployer pension plans are sponsored by more than one employer in the same industry and are maintained as part of a collective bargaining agreement. The challenges facing one type of multiemployer plans-defined benefit (DB) plans, in which participants receive regular monthly benefit payments in retirement-have led stakeholders to seek alternative pension plan designs that could alleviate some of the concerns but retain some of the beneficial features. [...] This report provides background on multiemployer pension plans; summarizes the discussion draft authorizing composite plans and explains the main features of these proposed plans; and explores various policy discussions surrounding composite plans, including their potential benefits and drawbacks for employers and employees, their possible implications for the Pension Benefit Guaranty Corporation (PBGC), and their potential effects on the broader retirement system."
CRS Report for Congress, R44722
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html