Coronavirus has disrupted mental health services in countries from all over the globe. Fear, isolation, loss of life and income […]
The Central States Pension Fund (CSPF) serves 400,000 workers and retirees, but it’s expected to become insolvent by 2025. Before […]Read more
Ten million hard-working Americans participate in multiemployer plans. Approximately, 10% or one million of these plan holders belong to troubled […]Read more
Our month-long celebration of philanthropy comes to an end. On Friday, February 19, we pivot to pension reform with a […]Read more
Welcome to The World of Multiemployer Benefit Funds Podcast with union and client advocate, Traci Dority-Shanklin. Join us on January […]Read more
Diversity, equity, and inclusion strategist, Nicole Lee, joins Traci for the second part of their diversity, equity, and inclusion conversation […]
Wendell Young IV, UFCW Local 1776 president and International Foundation president, joins Traci Dority-Shanklin for the second and final part […]
Meet Jason Russell, who is a senior vice president and actuary with Segal and works with multi-employer pension plans across the country. Jason deals with a wide range of benefit plans, both healthy and distressed, in various industries.
Our conversation is about the immediate need to reform Defined Benefit Plan regulations. Jason explains the various proposals that could provide much-needed aid to sustain multi-employer plans. Not surprisingly, the economic impact of the coronavirus pandemic has heightened the need to include these plans in one of the proposed stimulus packages.
Before the economic crisis caused by the coronavirus pandemic, there was 130 plan in critical-declining status with another 200 in critical condition. Jason explains the potential macroeconomic impact due to the strain on social safety nets in America if too many of these plans go insolvent. For additional information on the macroeconomic impact visit:
NCCMP: Cost of doing nothing
Central States economic impact