The 2017 Pension Political Power 25: Steven Mnuchin

No. 5 Steven Mnuchin

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< 25 Top Pension Power Players

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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

Sponsored
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1. Andy Puzder
Secretary of Labor

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2. Bruce Rauner
Governor of Illinois

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3. Betsy DeVos
Secretary of Education

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4. Laura & John Arnold
Founders,
Laura and John Arnold Foundation

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5. Steven Mnuchin
Secretary of the Treasury

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6. Wilbur Ross
Secretary of Commerce

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7. Tani Cantil-Sakauye
California Chief Justice

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8. Paul Ryan
Speaker of the House

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9. Anthony Scaramucci
Founder, SkyBridge Capital

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10. Kevin de León
California State Senator and President Pro Tempore

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11. Mike Enzi
Chairman, Senate Subcommittee on Primary Health and Retirement Security

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12. Steve Sweeney
President,
New Jersey State Senate

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13. Jerry Brown
Governor of California

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14. Corey Lewandowski
Co-founder, Avenue Strategies

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15. Paul Singer
President,
Elliott Management Corp.

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16. Randel Johnson
Senior Vice President, Labor, Immigration, and Employee Benefits, U.S. Chamber of Commerce

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17. Joe Manchin
U.S. Senator

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18. Kenneth Feinberg
Founder and managingpartner, Feinberg Rozen

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19. Scott Walker
Governor of Wisconsin

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20. Richard Trumka
President, AFL-CIO

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21. Mike Rawlings
Mayor of Dallas

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22. Elizabeth Warren
U.S. Senator

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23. Kent Mason
Partner,
Davis & Harman

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24. Bernie Sanders
U.S. Senator

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25. Randi Weingarten
President, American Federation of Teachers


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