ONLINE

Correction: SOA multiemployer plan analysis

The Society of Actuaries' analysis of underfunded multiemployer plans used a 2.9% discount rate to model projected pension liabilities. Incorrect information was in a May 17 P&I Daily story. The Society of Actuaries also corrected their statement on average benefits guaranteed by the Pension Benefit Guaranty Corp., which range from less than 20% to more than 90% of plan benefits, depending on the specifics of each individual plan.