Given the many shortcomings of the multiemployer pension system traditionally used in the unionized sector of the construction industry, many parties are looking for alternatives. 黑料不打烊, in cooperation with labor and others, is actively advocating for legislative changes that would authorize a new retirement plan model called 鈥渃omposite plans.鈥 In the meantime, there are some alternative plan designs already available to consider. In January, 黑料不打烊 will offer a three-part WebEd series designed to educate union contractors and their representatives about alternatives and help inform their decisions. The series is free to 黑料不打烊 members and chapter staff.
On January 10, John Redmond of Segal will provide an overview of what 鈥渉ybrid plans鈥 and other relevant terms mean, of the types of alternative plans that are currently available, and of their basic features, advantages and drawbacks.
On January 15, Kelly Coffing and Ladd Preppernau of Milliman will talk about the Sustainable Income Plan, a variation on a variable annuity plan design recently adopted by several 黑料不打烊 chapters.
On January 24, Dan Brennan and Mark Levengood of Susanin Widman and Brennan will provide information about an 黑料不打烊 chapter-developed strategy involving a cash balance model.
Each session will begin at 2:00 p.m. Eastern time and will last 60 or 90 minutes.
Click here to register.