Traci chats with retired CEO of Marco Consulting, Jack Marco, about his humble Chicago roots; his work with Senator Abner […]
When I spoke with Randy Kinder, president of the AFL-CIO Investment Trust Corporation, on The World of Multiemployer Benefit Funds, he […]Read more
Former NFL running back and current president of the AFL-CIO Investment Trust Corporation, Randy Kinder joins Traci to discuss the […]
When I spoke with Wendell Young IV, the president of the UFCW Local 1776 and the International Foundation on The World […]Read more
Wendell Young IV, UFCW Local 1776 president and International Foundation president, joins Traci Dority-Shanklin for the second and final part […]
Wendell Young IV, UFCW Local 1776 president and International Foundation president, joins Traci for a lively discussion about diversity and […]
Meet Stephen McCourt, who is a Managing Principal and Co-Chief Executive Officer of Meketa Investment Group. Steve serves as the lead consultant for several institutional, public, Taft-Hartley, endowment, and non-profit funds.
This episode is packed with a lot of essential thoughts as we all navigate the economic and business disruption caused by the COVID-19 pandemic.
Some of the highlights are:
- How Multi-Employer plan trustees are handling yet another economic crisis.
- Steve’s insights on how this disruption is shifting the execution of Multi-Employer plans meetings and reporting.
- The adoption and future reliance on technology solutions for all fund business.
- The likely shift in the way Multi-Employer plans will be conducting the funds business going forward.
- And much more!
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
While our podcast usually focuses on fund trustees and professionals, we thought it would be useful to get insight from someone working directly with plan participants on a daily basis. Trevor Shanklin, union representative for UFCW Local 8, talks about how plan benefits are helping members cope with the financial challenges we all face today. We hope you will listen in to hear this unique perspective.
Russell Kamp is an advocate for pension reform and legislative efforts in Washington, D.C. frequently writing and speaking on the subject. If you ever wanted to understand why pension fund reform is important to our economy and to get an easy to understand explanation of the proposed legislation, you need to take the time to listen to this episode. Russell Kamp shares in this interview a compelling reason to push our legislators to act.
You can also gain valuable insights and education about defined benefit pension funds, through his blog www.kampconsultingblog.com.