Viewpoints about Taft-Hartley
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What kinds of retirement plans do union members have?
If you’re a union member, you may be offered a retirement plan that was agreed upon through your union’s collective bargaining agreement (CBA). These plans are also called multiemployer or Taft-Hartley plans. We’ll help you understand the kinds of Taft-Hartley retirement plans your union might offer.
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Why Taft-Hartley plans are important in today’s labor market
Offering a competitive Taft-Hartley plan can play an important role in helping unions attract and retain skilled tradespeople. Find out why.
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10 reasons to consider leaving your retirement savings in your union plan
Some members leave their money in their union-sponsored retirement plan when they retire or leave their union for another reason. Is this the right choice for you? To help you decide, here are some potential reasons to consider staying in your plan.
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What’s the difference between multiemployer and multiple employer plans?
Not to be confused with multiple employer plans, multiemployer plans help union workers overcome one of the biggest challenges they face when saving for retirement. Find out what it is.
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Six reasons why your child should apply for an internship
Internships, co-ops, and apprenticeship positions can provide great preparation for your child's future endeavors. Here are six reasons why incorporating at least one internship into the college experience can help.
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A framework for evaluating your Taft-Hartley plan
Does your Taft-Hartley plan make it easy for members to build and manage their retirement savings? Six considerations for your next plan review.
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How to take a Taft-Hartley plan from trustee to member directed
Member-directed Taft-Hartley DC plans offer members more investment autonomy and plan sponsors potentially less fiduciary risk. If you’re thinking of making the change from a trustee-directed DC plan to a member-directed one, you’ll likely need to start by adopting a daily valued plan design.
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Two questions to answer when evaluating your Taft-Hartley retirement plan expenses
Taft-Hartley plan sponsors should understand the importance of evaluating how retirement plan expenses are paid.
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Five questions to ask when choosing a Taft-Hartley retirement plan recordkeeper
As a Taft-Hartley plan sponsor, ERISA requires that you follow a prudent process when selecting service providers—which includes evaluating service, performance, and cost. Make sure you ask these five key questions in your recordkeeper selection process.
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Unions and Taft-Hartley retirement plans show their value in tough times
The COVID-19 pandemic has brought an era of constant change. Initial concern about market volatility in the early days of the pandemic in the United States gave way as concern about illness and job security took over. Since the CARES Act took effect, retirement plan participants have had access to some temporary financial relief. We took a look at our Taft-Hartley retirement plan participants to see what actions union members are taking amid the uncertainty.
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