The Pension Crisis: How We Got Here with John Elliot
Manage episode 288954791 series 2904480
The Central States Pension Fund (CSPF) serves 400,000 workers and retirees and is expected to become insolvent by 2025. Before the coronavirus pandemic, 130 plans were projected to run out of money over the next two decades, but now that number threatens to climb even higher. How did we get here? Who’s to blame? Will the new Democratic majority in both Houses of Congress act on much-needed pension reform? Taft-Hartley Consultant of the Year and partner at New England Pension Consultants, John Elliot, joins Traci on the podcast to help answer some of these pressing questions.
Some highlights from The Pension Crisis: How We Got Here include:
01:27 – From Weiss, Peck & Greer to NEPC
04:37 – The “Perfect Storm” of the 1990s and 2000s
07:52 – The Dreaded MPRA Cuts
09:43 – Why Pension Reform is Both a Democratic and a Republican Issue
11:17 – Variable Defined Benefit Plans
13:22 – The Mathematics of Hybrid Plans
18:43 – Dismantling the Fears of Hybrid Plans
20:47 – Union Membership and Millennials
29:38 – Macro Economy and the Price of Debt
If you'd like to learn more about New England Pension Consultants, visit their website: www.nepc.com
Contact:
traci@mutliemployerfunds.com
www.sisupartnersllc.com
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