Read about PBGC's multiemployer likely revenue needs for the next 10 and 20 years in our Multiemployer Five-Year Report (also known as the Quinquennial Report).
These reports discuss the amount of premium revenue needed in order for PBGC’s Multiemployer Program to provide financial assistance to insolvent multiemployer plans to enable them to pay benefits at PBGC's guarantee level.
As shown in this report, PBGC’s Multiemployer Program will not likely run out of money within the next 20 years due to the enactment of The American Rescue Plan of 2021 (ARP). The FY 2020 report reflects the significant monetary relief provided under ARP, and shows a median projected insolvency in 2055 and a 44 percent probability of solvency through 2060 under current law. Additional revenue increases the probability of the Multiemployer Program remaining solvent.
The Pension Insurance Modeling System (PIMS) is the modeling system used to perform the Five-Year analysis, which also uses data and assumptions that are consistent with the FY 2020 Projections Report.