34 episodes

Perhaps you've heard about pension reform on the news? Multiemployer benefit funds provide retirement, paid sick leave, vacation, and other paid benefits to millions of middle and working-class Americans and retirees, but these funds are complex. Join Traci Dority-Shanklin, the client and union advocate with over 20 years of managing Taft-Hartley funds, as she navigates the complex world of Taft-Hartley and speaks with the experts who help guide these plans. Guests will share the latest developments, their personal stories, and their perspectives as they help unlock the mysteries of these funds.

The World of Multiemployer Benefit Funds Podcast Traci Dority-Shanklin

    • Business
    • 5.0 • 3 Ratings

Perhaps you've heard about pension reform on the news? Multiemployer benefit funds provide retirement, paid sick leave, vacation, and other paid benefits to millions of middle and working-class Americans and retirees, but these funds are complex. Join Traci Dority-Shanklin, the client and union advocate with over 20 years of managing Taft-Hartley funds, as she navigates the complex world of Taft-Hartley and speaks with the experts who help guide these plans. Guests will share the latest developments, their personal stories, and their perspectives as they help unlock the mysteries of these funds.

    UFCW Local 21 and the Saga of the Variable Annuity Plan

    UFCW Local 21 and the Saga of the Variable Annuity Plan

    If your union or employer’s defined benefit plan was in critical and declining condition and facing insolvency, would you consider a hybrid retirement solution to fix it? That’s exactly how the UFCW Local 21 turned their red-zone plan back to green. UFCW Local 21 president, Faye Guenther, shares the bold steps taken by her UFCW family when they switched from their legacy plan to a variable annuity pension plan (VAPP).
    Some highlights from UFCW Local 21 and the Saga of the Variable Annuity Plan include:
    04:17 – A Red-zone Plan in a Death Spiral
    08:14 – The First Big Challenge 
    10:36 – Kroger and the VAPP
    16:44 – The Employer Reactions
    19:48 – The Variable Annuity Plan and the Path Forward

    • 28 min
    Not All Hybrid Plans Are Created Equal

    Not All Hybrid Plans Are Created Equal

    A hybrid retirement plan combines parts of a defined benefit plan with parts of a defined contribution plan. Dan Doonan, the Executive Director of the National Institute on Retirement Security, and Elizabeth Wiley, a consulting actuary at Cheiron, wrote the book on hybrid plans – literally! Dan and Elizabeth penned The Hybrid Handbook, a white paper on hybrid retirement plans in the public sector. Listen as they share their insights on these plans along with some of their favorite case studies. 
    Some highlights from Not All Hybrid Plans Are Created Equal include:
    01:27 – Hybrid Retirement Plans: The Case Studies
    06:30 – The Best Time to Plant a Tree…
    10:56 – Unfunded Liabilities and a Cause for Concern
    14:35 – Risk Sharing vs Risk Shifting
    19:03 – The Efficiency of Pensions vs Defined Contribution
    24:30 – Thoughts on Pension Reform
    Click on The Hybrid Handbook if you'd like to read or download a PDF of Dan and Elizabeth's white paper.

    • 32 min
    Hybrid Retirement Plans 101 with Dan Doonan & Elizabeth Wiley

    Hybrid Retirement Plans 101 with Dan Doonan & Elizabeth Wiley

    Hybrid retirement plans are becoming a viable option to the traditional defined benefit and defined contribution plans, but what are they? And who are they right for? Dan Doonan, the Executive Director of the National Institute on Retirement Security, and Elizabeth Wiley, a Cheiron consulting actuary, co-authored The Hybrid Handbook, where they outline various public hybrid retirement plan structures. Dan and Elizabeth demystify these plans and explain why some struggling multiemployer plans should consider a hybrid option.
    Some highlights from Hybrid Retirement Plans 101 include:
    03:37 – The Hybrid Handbook
    05:55 – The Spectrum: Defined Benefit & Defined Contribution
    10:16 – Types of Hybrid Plan Structures
    17:27 – Is Risk Sharing a Negative?
    22:30 – Communication is Key

    Click on www.nirsonline.org if you'd like to download or read a PDF copy of Dan and Elizabeth's "Hybrid Handbook" 
    Support the show (https://www.patreon.com/multiemployerfunds)

    • 32 min
    UnionTrack's Engage: The Union-Friendly App with Ken Green

    UnionTrack's Engage: The Union-Friendly App with Ken Green

    Uniontrack’s Engage app combines union dues payment software, union membership communication software, and grievance tracking software into a web-based system. Uniontrack created the union-friendly app, and their CEO, Ken Green, explains how the Engage app solves workflow issues for unions and empowers the next generation of union members through technology.
    Some highlights from Uniontrack’s Engage: The Union-Friendly App include:
    03:35 – Solving Union Workflow Issues
    09:17 – Unifying Union Operations
    13:54 – Leverage Technology for Organizing
    19:06 – Connecting & Communicating with Engage
    21:07 – Dispelling Myths About Labor
    25:32 – Building a Movement with Technology
    https://www.uniontrack.com

    • 36 min
    Union Matters: the Brotherhood & the Sisterhood with Elizabeth Murray-Belcaster

    Union Matters: the Brotherhood & the Sisterhood with Elizabeth Murray-Belcaster

    The union brotherhood and sisterhood are committed to more than its own membership. When 9/11 happened, the Teamsters mobilized truckloads of cell phones and radios to rescue workers. Elizabeth Murray-Belcaster, the CEO of EMB Consultants who consults on training to placement programs with the Department of Defense and trade unions, rejoins the podcast. Elizabeth shares how the brotherhood and the sisterhood have impacted diversity, three presidential administrations, and the Department of Defense’s SkillBridge program.
    Some highlights from Union Matters: The Brotherhood & the Sisterhood include:
    02:01 – Will the Welder
    06:38 – Industry Stakeholders and Millennials
    11:07 – Obama, Trump, and Biden…
    14:26 – The Only Woman in the Room
    19:50 – Union Proud: The Teamsters!

    • 28 min
    Union Matters: Veteran Training Programs with Elizabeth Murray-Belcaster

    Union Matters: Veteran Training Programs with Elizabeth Murray-Belcaster

    Labor unions provide workers with better wages and safer workplaces, but did you also know that they train transitioning military veterans in career pathways for civilian life? Our next guest develops and implements veteran training to placement programs with the Department of Defense and labor unions. The CEO of EMB Consultants, Elizabeth Murray-Belcaster, shares her experiences with the DOD’s SkillBridge program and why more organized labor should invest in these programs.
    Some highlights from Union Matters: Veterans Training Programs include:
    01:48 – Getting Endorsements
    06:26 – Transition is a Culture!
    11:45 – Nothing Happens in a Vacuum
    14:57 – Why Aren’t We Doing These Programs Everywhere?
    18:44 – Case Studies: the Teamsters and Utility Workers of America
    25:45 – The DOD’s SkillBridge Program

    • 30 min

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