The Pension Benefit Guarantee Corporation (PBGC) reports that single employer plans have a net positive position in 2020 ($15.5 B) yet multi-employer plans have deficits in 2020 ($63.7 B). The primary reason for the different positions is that Omulti-employer plans cover significantly more workers than single employer plans O many more multi-employer plans have been terminated, requiring PBGC payment to covered retirees premiums for single employer plans have risen significantly in the past several years while premiums for multi- employer plans have risen slightly over the same period single employer plans cover a much smaller percentage of worker's pensions than multi-employer plans