Institutional investors lost about 0.4% in the first quarter, according to recent data from BNY Mellon and Wilshire Associates.
A second application by Alaska Ironworkers Pension Plan, Anchorage, to reduce benefits was approved by the Treasury Department.
Some unions are flexing their financial muscle to make a direct connection between union jobs and infrastructure investments.
An appeals court denied a bid by Peeps maker Just Born Quality Confections to be allowed to stop making pension contributions for newly hired workers.
Three more multiemployer pension funds have applied for permission to reduce benefits to remain solvent.
Pressroom Unions' Pension Trust Fund applied for permission to reduce benefits to remain solvent.
Horizon Actuarial Services is acquiring Crews MacQuarrie. Both firms provide actuarial and consulting services to multiemployer plans.
The PBGC is issuing new guidance on multiemployer withdrawal liability calculations.