< 25 Top Pension Power Players

5. Steven Mnuchin
Secretary of the Treasury
Think presumptive Treasury Secretary Steven Mnuchin won’t have much time to deal with pensions? Think again. The Treasury secretary is one of three board members of the Pension Benefit Guaranty Corp., so pensions fall squarely in his purview. Also, Mnuchin, 54, inherits two ticking pension time bombs. One is the Puerto Rico debt crisis; the other is what to do about the U.S.’s troubled multiemployer retirement funds. Puerto Rico secured itself a stay of execution via the Puerto Rico Oversight, Management, and Economic Stability Act, which Congress passed in June 2016. The Financial Oversight and Management Board for Puerto Rico, formed as part of that legislation, has until February 15 to come up with a plan, but that date is fast approaching. Now Puerto Rico is Mnuchin’s problem, and fixing the commonwealth’s $49 billion pension burden must be a part of any realistic path to fiscal stability. As for U.S. trade unions, they’re not going to wait quietly for a resolution to their growing pension woes. . — Imogen Rose-Smith
The 2017 Pension Political Power 25
![]() Secretary of Labor ![]() Governor of Illinois ![]() Secretary of Education ![]() Founders, Laura and John Arnold Foundation ![]() Secretary of the Treasury |
![]() Secretary of Commerce ![]() California Chief Justice ![]() Speaker of the House ![]() Founder, SkyBridge Capital ![]() California State Senator and President Pro Tempore |
![]() Chairman, Senate Subcommittee on Primary Health and Retirement Security ![]() President, New Jersey State Senate ![]() Governor of California ![]() Co-founder, Avenue Strategies ![]() President, Elliott Management Corp. |
![]() Senior Vice President, Labor, Immigration, and Employee Benefits, U.S. Chamber of Commerce ![]() U.S. Senator ![]() Founder and managingpartner, Feinberg Rozen ![]() Governor of Wisconsin ![]() President, AFL-CIO |
![]() Mayor of Dallas ![]() U.S. Senator ![]() Partner, Davis & Harman ![]() U.S. Senator ![]() President, American Federation of Teachers |
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