Portable Pension Plans for Casual Labor Markets: Lessons from the Operating Engineers Central Pension Fund

Designing pension plans to cover workers and provide the necessary retirement funds is one of the critical issues of the turn of the century. Teresa Ghilarducci joins three other experts in the field of pension funds to examine the possibilities for pension reform based on a detailed understanding of a successful system, the union pension fund of the Operating Engineers. This type of plan is managed by workers and management trustees, covering workers that do not have secure and predictable jobs. The authors demonstrate just how this pension fund can provide a useful blueprint for executives, pension fund managers, industrial relations professionals, and public policy decision makers.