Posts tagged defined contribution

    Op-ed / Commentary ● Labor

    Op-ed: New Options for Your 401(k)

    April 1, 2026 // The law doesn’t allow ulterior motives to infect plan investments. The duty to invest for the sole financial benefit of plan participants doesn’t allow fiduciaries to pursue political agendas or engage in self-dealing. The Labor Department will be ready to enforce the law if plan fiduciaries act with a disloyal motive or threaten the retirement security of American workers. The department isn’t promoting any particular investment option. We aren’t picking winners and losers. We are leveling the playing field so that plan fiduciaries can exercise their judgment—selecting plan investments without fear of undue liability. We are applying the principle-based rules that the law requires.

    401(k) Biden administration defined contribution Department of Labor Donald Trump ERISA fiduciary litigation regulatory reform Retirement Trump Administration

    Blog Op-ed / Commentary ● Labor

    OP-ED | A Better Approach to the Silver Tsunami

    March 18, 2022 // Too often, for unions, the customers are themselves rather than the public, which is why the state should be taking advantage of retirements by focusing on modernizing, reorganizing, retooling, and outsourcing as much as possible. The major advantage in choosing among hiring private employees/services is that change can be made quickly to accommodate the needs of customers. Not working well? Terminate the contract and find a better solution in the marketplace.

    401(k) Alan Calandro appropriated funds avoid active managing benefits better solution in the marketplace bonus bumping rights bureaucratic campaign donor Commission on Human Rights and Opportunities Connecticut cost recovery rates CT News CTNewsJunkie.com customer outcomes customer service defined benefit pensions defined contribution Democrats Department of Administrative Services employee skills employees fiscal years flexibility in operations funded annually government inefficiency governmental efficiency governmental necessity Governor Lamont grievance hazardous duty high-performing employees human resources governmental environment inflation legally tenuous long term planning management skills metro regions modernizing morale nation Office of Fiscal Analysis op ed Opinion outsourcing pay raise pension liability private employees private sector private services private-sector levels problem union employee profitability providing justice quality employee performance raises reorganizing Republicans Retirement retooling reverse incentive Salaries salary salary side signing timesheets silver tsunami solving the current budget staff development staff development funding state state employees. state union system state unions state workforce stress tentative deal Terminate the contract tied to profitability training unfunded union leaders union protections union representative unionized employees unionized state employees universal medical care upper-tier health benefits