Printing, Publishing and Media Workers Sector

Assets of NPP Increased by More Than $3 Million in 2007. Plan Rates "Green Zon" Status

 The overall return of 7.8% for 2007 was very close to the average 7.5% per-year return assumed by the Plan's actuary. As a result, the NPP's funding status will
not change significantly for January 1, 2008. Indeed, the market value of assets is projected to slightly exceed the present value of accrued benefits.
The Segal Company, actuaries for the NPP, rated the Plan in the Green Zone under the terms of the 2006 Pension Protection Act. Provisions of that law which take
effect in 2008, include a requirement that multiemployer pension plans project their financial status. Each plan's actuary makes those projections and determines whether a plan is in "endangered status" (the yellow zone), "critical status" (the red zone) or not endangered (the green zone). The Segal Company certified that the NPP is in the green zone as of January 1, 2008.
Segal has also conducted a survey of the anticipated zone status of more than 400 multiemployer defined benefit plans. Nine percent of those plans are anticipated to be in the red zone and 25% are anticipated to be in the yellow zone.
"The Board of Trustees is very pleased that the funding status of the NPP is in such a sound position," declared Chairman and PPMWS President Bill Boarman. "All the members of the Printing Sector should take great pride in the NPP. It is the cornerstone of our overall benefit program."

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