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The 2014 Pension 40: Orrin Hatch

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Orrin Hatch
U.S. Senator
Utah
Last year: 17

In a Senate consumed by partisanship, pension reform has offered at least a glimmer of bipartisan hope, particularly on the Senate Finance Committee. Last year seven-term Utah Republican Orrin Hatch introduced a bill to overhaul public and private pensions: the Secure Annuities for Employee (SAFE) Retirement Act, which would create a fixed annuity pension plan for state and local governments with minimal federal involvement and no federal taxes, implement a new starter 401(k) plan and return jurisdiction over 401(k)s and IRAs to the Treasury Department from Labor. Senate Finance Committee chairman Ron Wyden, a Democrat from Oregon, agreed to bring up the SAFE Act to the committee in July, and in September the Urban Institute, a Washington-based think tank, recognized the bill as a contender for addressing the pension crisis. Wyden will lose his chairmanship after the Republican takeover of the Senate in January to the ranking Republican, Hatch, 80. “I’ve become concerned that there is a political strategy by some in Congress to turn pension policy into just another partisan battleground,” Hatch says. “They would turn retirement policy into another front in the class warfare that consumes so much energy on some of the other committees in Congress.” Now Hatch has every opportunity to advance the SAFE Retirement Act to the floor.

The 2014 Pension 40

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Bruce Rauner
Illinois
John and
Laura Arnold

Laura and John
Arnold Foundation
Randi Weingarten
American Federation of Teachers
Rahm Emanuel
Chicago
David Boies
Boies, Schiller & Flexner
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7
8
9
10
Randy DeFrehn
National Coordinating Committee for Multiemployer Plans
Damon Silvers
AFL-CIO
Laurence Fink
BlackRock
Chris Christie
New Jersey
Robin Diamonte
United Technologies Corp.
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12
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15
Ted Eliopoulos
California Public Employees’ Retirement System
John Kline
Minnesota
J. Mark Iwry
U.S. Treasury Department
Gina Raimondo
Rhode Island
Phyllis Borzi
U.S. Labor Department
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Orrin Hatch
Utah
Abigail Johnson
Fidelity Investments
Ted Wheeler
Oregon
Caitlin Long
Morgan Stanley
James Hoffa
International Brotherhood of Teamsters
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Amy Kessler
Prudential Financial
Alejandro
García Padilla

Puerto Rico
Christopher Klein
U.S. Bankruptcy Court for the Eastern District of Caifornia
Steven Rhodes
Bankruptcy Court for the Eastern District of Michigan
Kevin de León
California
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David Draine
Pew Charitable Trusts
Jordan Marks
National Public Pension Coalition
Sam Liccardo
California
Joshua Rauh
Stanford Graduate School of Business
Karen Ferguson and Karen Friedman
Pension Rights Center
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Timothy Blake
Moody’s Investors Service
Kathleen Kennedy Townsend
Center for Retirement Initiatives, Georgetown University
Edward (Ted) Siedle
Benchmark Financial Services
Daniel Loeb
Third Point
Judy Mares
Employee Benefits Security Administration, U.S. Labor Department
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Andrew Biggs
American Enterprise Institute
Andy Stern
Columbia University
Kenneth Mehlman
KKR & Co.
Teresa Ghilarducci
New School for Social Research
A. Melissa Moye
U.S. Treasury Department


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