Market opening up for more variable plans
Agreement between grocers, union sparks new interest as multiemployer reform fades
Bruce Cadenhead said the topic of variable plans has come up more than ever before.
The aftereffects of the COVID-19 pandemic on retirement plans and Congress recent failure to achieve multiemployer pension reform could mean a boost for variable pension plans, pension experts say.
The concept gained more visibility this year with a new variable annuity pension plan agreement between three major grocery companies and the United Food and Commercial Workers International Union, Washington.
And while congressional negotiations to reform multiemployer pension funds broke down in December, the incoming 117th Congress could revive the one area of bipartisan agreement allowing for composite plans that combine defined benefit and defined contribution features to share more investment risk with plan participants.
Market çalışanlarının yüzde 20 si depresyonda
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