NU Online News Service, March 25, 10:55 a.m. – The Committee on Investment of Employee Benefit Assets, Bethesda, Md., a group that represents managers of the biggest U.S. corporate pension funds, has put out a statement describing what it likes and dislikes about current pension reform proposals now circulating in Congress.
CIEBA opposes requirements that retirement plan boards include participant representatives and measures that would expand plan participants’ ability to sue the plan sponsors.
CIEBA says it welcomes elimination of barriers to offering investment advice to participants.
CIEBA can also accept the following proposals: