National Conference on Public Employee Retirement Systems

The Voice for Public Pensions


You Read It Here First...

  • By: admin
  • On: 10/03/2016 10:19:12
  • In: News
  • Comments: 0

A year ago, The Monitor reported on the retirement policies and reviews of the candidates seeking the Republican nomination. This one is worth revisiting as the presidential election campaign enters the home stretch:

“Republican frontrunner Donald Trump has consistently thrown up roadblocks to a secure retirement for employees at his companies. He is known for offering the stingiest 401(k) plans allowed by law, including making employees wait six years before they are fully vested in any matching contributions. Trump's plans also embrace such antiquated practices as making employees work a year before they are even eligible to participate. His plans also include catches such as paying matching contributions at year-end only, penalizing any employees who depart before the year is out. He even suspended matching contributions from 2009 to 2012.”


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