< 25 Top Pension Power Players
18. Kenneth Feinberg
Chairman, Founder and managingpartner, Feinberg Rozen
It takes a brave man to tell the Teamsters that they need to cut their pension benefits — and an even braver one to tell them that the cuts they have made are not enough. Kenneth Feinberg is that man. Known for his skills as a federal mediator — he oversaw the compensation funds for victims of the 9/11 terrorist attacks and the Deepwater Horizon spill, among others — Feinberg was chosen by the Obama administration to oversee the restructuring of insolvent multiemployer retirement funds. The post was created under the 2014 Kline–Miller Multiemployer Pension Reform Act — a recognition of the stiff hurdles the nation’s private sector union pension plans were facing. Last year Feinberg, 71, rejected the first restructuring proposal submitted by the Central States Pension Fund, leaving its more than 400,000 Teamsters uncertain about their retirement future. In February he approved the restructuring plan of the Iron Workers Local 17 pension fund. — Frances Denmark
The 2017 Pension Political Power 25
1. Andy Puzder 2. Bruce Rauner 3. Betsy DeVos 4. Laura & John Arnold 5. Steven Mnuchin |
6. Wilbur Ross 7. Tani Cantil-Sakauye 8. Paul Ryan 9. Anthony Scaramucci 10. Kevin de León |
11. Mike Enzi 12. Steve Sweeney 13. Jerry Brown 14. Corey Lewandowski 15. Paul Singer |
16. Randel Johnson 17. Joe Manchin 18. Kenneth Feinberg 19. Scott Walker 20. Richard Trumka |
21. Mike Rawlings 22. Elizabeth Warren 23. Kent Mason 24. Bernie Sanders 25. Randi Weingarten |
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