Taft-Hartley Pension Plan

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Taft-Hartley Pension Plan

A pension plan in which an employer makes fixed contributions to a fund on behalf of employees, who receive a fixed benefit upon retirement. The employer negotiates the amount of the contribution with an employee union, and a third party (consisting of an equal number of representatives of the employer and the union) is responsible for investing contributions. The employer is therefore not responsible for the pension's investment losses, if any. This structure was created in 1947 by the Taft-Hartley Act.

References in periodicals archive ?

He also represents Taft-Hartley pension funds in securities fraud litigation.

Philadelphia Attorney Eric Young to Speak on CFTC Reforms at KC's Event

The sharp economic downturn has put multiemployer pension plans--sometimes referred to as Taft-Hartley pension plans--at greater financial risk than ever before.

Employer contribution obligations: considerations for employers participating in multiemployer pension plans

The union supports legislation that would allow Taft-Hartley pension funds to amortize their recent losses over the next 30 years.

DCA survives tsunami: annual auction raises $213,000

Sentinel provides real estate investment advisory services to 60 institutional clients, including public funds, corporate funds, Taft-Hartley pension plans, profit sharing plans and endowment funds.

Ashton Parc buy

Union-sponsored Taft-Hartley pension plans provide a model of joint trusteeship and worker voice.

Securing Pensions II: some necessary reforms. (Enron Capitalism And How To Fix It)

We must become more strategic as a movement by utilizing our enormous economic clout--in Taft-Hartley pension funds and in employee-owned and public entities--to coordinate efforts to pressure corporations where they are most vulnerable and to develop global strategies where they are global.

Bruce Raynor

Causeway Capital Managementprovides equity investment management services to institutional clients including corporations, pension plans, public retirement plans, sovereign wealth funds, superannuation funds, Taft-Hartley pension plans, endowments and foundations, mutual funds and other collective investment vehicles, charities, private trusts and funds, wrap fee programs and other institutions.