A CRITICAL, one-day statewide symposium led by state and national leaders from our industry addressing today’s most pressing challenge: The Future of Defined Benefit Pensions.
Multiemployer pension systems, and the 10.4 million people who rely on them are facing tremendous and unprecedented financial challenges. While some financial footing has been regained, factors including two recessions and an aging workforce have put many pension funds in the red, while others have failed altogether.
There are a number of ideas on how to tackle these problems, but each solution poses new concerns and trade-offs. Some parties advocate for immediate interventions; like allowing pension trustees to cut benefits to current retirees. Others are concerned that if some funds are allowed to cut benefits, employers in other realms will seek broader authority to undermine existing anti-cutback rules.
How will potential reforms affect current and future retirees? Will congress seize the opportunity to reform the nation’s private sector multiemployer pension plans?
You will go home with broadened perspectives and new strategies and techniques to build legislative action.
An invitation-only event of Michigan building trades pension trustees and professionals.
