Seeing from the Flip Side

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ERISANation’s founder and sole staffer, LeBlanc, MLB, has now spent over 2 weeks retired. God Bless the DB Plan. Ah, but getting health insurance, there’s the rub!  One might think a person with 32 years benefits experience could quickly find workable coverage, but not yet.  From what I see you have pay $6000 per year, ...

Speaking of Longevity…

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On Sep 2 at Wolf Trap, ERISANation and spouse and friends (yes EN has friends) saw Sinatra sings Sinatra. This is Frank Jr’s tribute to his old man, old blue eyes. Allusions made to Sr.’s demons, his kids, mom, dad and such. We saw again how Frank Sinatra was a role model for our Dads. ...

The Days Grow Shorter

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It is almost mid-September and Congress just returned from recess but soon will leave for the fall election season. The multiemployer community’s push for solutionsnotbailouts.com goes on but time grows short. Some of the community’s traditional supporters are on the other side on this one. They object to allowing deeply troubled plans to elect to ...

We Welcome New Approaches, but What about US?

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This past week the President announced his MyRA retirement accounts. Senator Harkin introduced a bill to create multiemployer plans for those without retirement plans. Retirement professionals generally welcome most new approaches to enhance retirement security. But let us not forget about today’s multiemployer plans. They face an uncertain future with the December 31, 2014 “sunset” ...

Labor Solidarity on Retirement Security

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AFL-CIO President Trumka chaired a labor retirement summit on December 18, 2012. Most AFL-CIO affiliates were represented. The Building Trades and most other unions that sponsor multiemployer pension plans have come together in the Retirement Security Commission to propose major changes to ERISA and an extension of the Pension Protection Act for multiemployer plans. Check ...

We don’t Trust Us

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The often quoted Pogo line “We have met the enemy and he is us” comes to mind in the Retirement Security Commission deliberations.   For the original Pogo strip go  http://en.wikipedia.org/wiki/Pogo_(comic_strip).   Current law is replete with restrictions on what trustees, even joint labor-management boards of trustees, can do to adjust benefits.   The Commission is struggling with whether ...
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