Taft-Hartley Pension Plan

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 ?
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.
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.
Union-sponsored Taft-Hartley pension plans provide a model of joint trusteeship and worker voice.
Causeway Capital Management LLC provides equity investment management services to institutional clients including corporations, pension plans, public retirement plans, superannuation funds, sovereign wealth 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.