< The 2015 Pension 40: The Long Climb
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Robin Diamonte
Chief Investment Officer / Director of Pension Investments / United Technologies Corp.
Last year: 10
From her perch overseeing $45 billion in the combined pension and savings plan assets of 200,000 employees at United Technologies Corp., and an additional $8 billion in international pension assets, chief investment officer Robin Diamonte, 51, has increasingly engaged in the national debate over retirement income security . Not content to merely redesign the multinational’s $20 billion savings plan by dramatically slashing participant costs and, in 2012, rolling out a lifetime income option that now stands at $800 million, with a goal of $1 billion in participant assets, Diamonte regularly travels to Washington to speak with federal pension officials about such knotty problems as the need for fiduciary oversight to shield retiree assets from heavily sold and often expensive individual retirement accounts. “I want to figure out ways to help people retire, like supporting the [Department of Labor] fiduciary rule,” says the CIO. At the invitation of Labor Secretary Thomas Perez, Diamonte spoke in July at the once-in-a-decade White House Conference on Aging on how UTC gets participants to start saving early. She currently serves on the Pension Benefit Guaranty Corp.’s advisory committee looking at the federal agency’s liability stream, investment policy and policy on multiemployer plans, and was recently named to Chicago-based Morningstar’s board of directors.
The 2015 Pension 40
Illinois
Laura and John Arnold Foundation
New Jersey
AmericanFederation of Teachers
U.S. Department of Labor |
California
Commonwealth ofPuerto Rico
BlackRock
Chicago
North AmericanBuilding Trades Unions |
Minnesota
U.S. Treasury Department
AFL-CIO
General Electric Co.
Brookings Institution |
United Technologies Corp.
Washington
Laborers' International Union of North America
Bridgewater Associates
Oregon |
Central States Southeast and Southwest Areas Pension Fund
Pensions Rights Center
National Coordinating Committee forMultiemployer Plans
Motorola Solutions
Morgan Stanley |
The Law Offices of Kenneth R. Feinberg
Utah
Center for Retirement Initiatives, Georgetown University
Groom Law Group
Stanford Graduate School of Business |
California Public Employees' Retirement System
Benchmark Financial Services
New School for Social Research
Connecticut
Pension BenefitGuaranty Corp. |
National Conference on Public Employee Retirement Systems
Elliott Management Corp.
National PublicPension Coalition
Prudential Financial
U.S. Labor Department |
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