multi-employer pension plans

A multi-employer pension plan is a retirement fund jointly established and maintained by multiple employers, typically within the same industry or trade. Employers contribute to the plan on behalf of their employees, and workers from different companies share in the benefits. These plans pool resources to provide retirement income, offering some security if a company closes or faces financial difficulties. They help diversify risk and reduce costs for individual employers. However, they also require careful management to ensure the fund remains financially healthy for current and future retirees.