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The 2017 Pension Political Power 25: Kenneth Feinberg

No. 18. Kenneth Feinberg, Chairman, Founder and managingpartner, Feinberg Rozen

  • By Peter Vasiliev

18. Kenneth Feinberg
Chairman, Founder and managingpartner, Feinberg Rozen

It takes a brave man to tell the Teamsters that they need to cut their pension benefits — and an even braver one to tell them that the cuts they have made are not enough. Kenneth Feinberg is that man. Known for his skills as a federal mediator — he oversaw the compensation funds for victims of the 9/11 terrorist attacks and the Deepwater Horizon spill, among others — Feinberg was chosen by the Obama administration to oversee the restructuring of insolvent multiemployer retirement funds. The post was created under the 2014 Kline–Miller Multiemployer Pension Reform Act — a recognition of the stiff hurdles the nation’s private sector union pension plans were facing. Last year Feinberg, 71, rejected the first restructuring proposal submitted by the Central States Pension Fund, leaving its more than 400,000 Teamsters uncertain about their retirement future. In February he approved the restructuring plan of the Iron Workers Local 17 pension fund. — Frances Denmark


The 2017 Pension Political Power 25

1. Andy Puzder
Secretary of Labor
2. Bruce Rauner
Governor of Illinois
3. Betsy DeVos
Secretary of Education
4. Laura & John Arnold
Founders,
Laura and John Arnold Foundation
5. Steven Mnuchin
Secretary of the Treasury
6. Wilbur Ross
Secretary of Commerce
7. Tani Cantil-Sakauye
California Chief Justice
8. Paul Ryan
Speaker of the House
9. Anthony Scaramucci
Founder, SkyBridge Capital
10. Kevin de León
California State Senator and President Pro Tempore
11. Mike Enzi
Chairman, Senate Subcommittee on Primary Health and Retirement Security
12. Steve Sweeney
President,
New Jersey State Senate
13. Jerry Brown
Governor of California
14. Corey Lewandowski
Co-founder, Avenue Strategies
15. Paul Singer
President,
Elliott Management Corp.
16. Randel Johnson
Senior Vice President, Labor, Immigration, and Employee Benefits, U.S. Chamber of Commerce
17. Joe Manchin
U.S. Senator
18. Kenneth Feinberg
Founder and managingpartner, Feinberg Rozen
19. Scott Walker
Governor of Wisconsin
20. Richard Trumka
President, AFL-CIO
21. Mike Rawlings
Mayor of Dallas
22. Elizabeth Warren
U.S. Senator
23. Kent Mason
Partner,
Davis & Harman
24. Bernie Sanders
U.S. Senator
25. Randi Weingarten
President, American Federation of Teachers

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