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So far CORPaTH has created 1125 blog entries.
5 03, 2021

Biden’s 36-Year-Old Economist Has Her Eye on an Equal Recovery

2021-03-05T15:42:58-08:00March 5th, 2021|Categories: Economy|Tags: , |

In a one-bedroom apartment above a Washington neighborhood of bars, clubs and brunch spots, Janelle Jones is busy trying to fix the U.S. labor market -- one economic report and one Mario Kart race at a time. The Biden administration appointed the 36-year-old as the Department of Labor’s chief economist, a little-known position that will influence the futures of millions of people. In between wading through endless spreadsheets, enduring hours of video meetings and analyzing reams of economic data, [...]

2 03, 2021

AFL-CIO Retirement Security Working Group Applauds House Passage of Multiemployer Pension Relief

2021-03-02T15:05:09-08:00March 2nd, 2021|Categories: Multiemployer Plans|Tags: |

AFL-CIO President Richard Trumka and AFL-CIO Secretary-Treasurer Liz Shuler joined the co-chairs of the AFL-CIO Retirement Security Working Group, UFCW International President Marc Perrone and SMART General President Joseph Sellers, in the following statement on the inclusion of multiemployer pension relief in the American Rescue Plan, which passed the House today: After a lifetime of hard work, working people deserve to retire with dignity. The labor movement is proud of our negotiated multiemployer pension plans, which have provided retirement [...]

26 02, 2021

Pensions Need Help From Congress

2021-02-26T08:18:40-08:00February 26th, 2021|Categories: Multiemployer Plans|Tags: , |

The House plans to vote on a COVID reconciliation bill this week. It is vital that Members of Congress support the pension provisions it contains. Before the pandemic, a small but important group of multiemployer pension plans was heading toward insolvency. These insolvencies will cause the federal government’s Pension Benefit Guaranty Corporation (PBGC) to become insolvent. These insolvencies will cause 1.3 million Americans to lose about 98 percent of their pension income and be forced onto the federal government’s [...]

25 02, 2021

COVID-19 Relief Bill Could Rescue Union Retirees’ Pensions

2021-02-25T14:42:15-08:00February 25th, 2021|Categories: Economy, Pension Funding|Tags: , , |

The COVID-19 pandemic relief legislation set for a vote this week in the House contains a provision to save struggling union pension plans that experts say has a good shot at passing, forecasting a possible end to a $65 billion funding crisis that threatens one million retirees' pensions. The American Rescue Plan, which cleared the House Budget Committee on Monday, would provide direct assistance to roughly 200 financially struggling union pension plans through the federal government's safety net for [...]

24 02, 2021

Canada’s pension system gets top grades in new benchmark

2021-02-24T15:00:17-08:00February 24th, 2021|Categories: Defined Benefit Plans|Tags: |

Canada’s pension system was ranked first overall among 15 countries in the Global Pension Transparency Benchmark. It ranked Canadian funds first in governance, citing the “global reputation for superior performance and governance excellence” of Canada’s five largest funds, namely the British Columbia Investment Management Corp., the Caisse de depot et placement du Québec, the Canada Pension Plan Investment Board, the Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board. Of these, the benchmark highlighted the best practices [...]

22 02, 2021

Could There Be a Renewed Interest in DB Plans?

2021-02-22T13:48:01-08:00February 22nd, 2021|Categories: Defined Benefit Plans|

Over the years, the retirement plan industry has introduced new features for defined contribution (DC) plans to mimic the advantages participants received from defined benefit (DB) plans. It seems that although DB plan sponsors have been eliminating or offloading their obligations, the industry has recognized the benefits of a plan design in which  employees automatically participate and receive guaranteed payments for life. Richard Hudson, a consulting actuary with First Actuarial Consulting Inc. (FACT), says the real problems for DB [...]

22 02, 2021

Prospects Brighten for Much Needed Pension Rescue Bill as It Heads to House Floor Vote

2021-02-22T13:45:51-08:00February 22nd, 2021|Categories: Pension Funding|Tags: , , |

The House Ways and Means Committee significantly boosted the prospect for passage of much needed pension relief that would protect the hard-earned and promised benefits of active and retired truck drivers, nurses and health care workers, plumbers and construction trade workers – people who we now recognize and honor as America’s essential workers in this time of crisis. On February 12, the Committee “marked up” and voted in favor of the Butch Lewis Emergency Pension Plan Relief Act of [...]

18 02, 2021

Landmark Pension Schemes Bill receives Royal Assent

2021-02-18T10:31:53-08:00February 18th, 2021|Categories: Pension Funding|Tags: , |

The Pension Schemes Bill has been granted Royal Assent today, ushering in major changes to pension schemes aimed at providing greater protection for members. The move sees the Bill become the Pensions Schemes Act, almost three years after it was first mooted in response to the BHS and Carillion pension scheme scandals, which slashed the value of thousands of workers’ pensions at both organisations. Announcing the enactment, minister for pensions Guy Opperman, said “This is a historic day for [...]

18 02, 2021

Democrats’ Coronavirus Relief Plan Could Save The Pensions Of 1 Million People

2021-02-18T10:30:11-08:00February 18th, 2021|Categories: Pension Funding|Tags: , |

Retirement experts have been warning for years that more than 1 million workers and retirees could lose their pensions if Congress doesn’t act. Now help from Washington might finally arrive, thanks to an unlikely legislative opening provided by the pandemic. Congressional Democrats are moving a $1.9 trillion coronavirus relief plan through a process known as budget reconciliation, hoping to send it to President Joe Biden’s desk this month. A proposal to shore up troubled pension plans and the federal [...]

18 02, 2021

Employees want climate change pensions information

2021-02-18T10:27:10-08:00February 18th, 2021|Categories: Economy, Pension Funding|Tags: |

Research by workplace savings fintech Cushon has revealed employees overwhelmingly worry about whether their pensions are invested in firms that contribute to climate change – but still feel uninformed about it. The study found 84% of respondents are concerned about climate change and 69% are worried their company pension could be investing in businesses that are contributing to it. But according to the research, 99.5% of employees have no idea about the scale of carbon emitted as a result [...]

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