We Welcome New Approaches, but What about US?

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

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

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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