Nova 401(k) Associates
Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Kenneth Feinberg to Oversee Cuts in Multiemployer Pension Plans|
The New York Times; subscription may be required
June 17, 2015
"The Treasury Department ... [has] named Kenneth R. Feinberg to oversee a new program to allow certain pension plans to cut retirees' benefits if that is the only way to keep them from running out of money.... Mr. Feinberg said he was accepting the appointment on a pro bono basis.... Mr. Feinberg previously served as a special master for the Troubled Asset Relief Program, sorting out disputes over whether bailed-out financial institutions were improperly rewarding their executives with taxpayer dollars. He also oversaw compensation programs for people harmed by the Deepwater Horizon oil spill, the Boston Marathon bombings and the 2001 terrorist attacks."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|