Tuesday, April 26, 2011

How We Got Here: Our Current Retirement Mess

Amazingly honest assessment of our current retirement mess.

Dr. Thomas J. Mackell, Jr. is Chairman of the Board of Directors of United Benefits and Pension Services, Inc., a Partner of Rx Well Card and is President of the Association of Benefit Administrators and Editor of its Newsletter, Insights.
He has had a life-long career in the management, administration and investment management of employee benefit funds.
Dr. Mackell was appointed a Class C Director of the Board of Directors of the Federal Reserve Bank of Richmond on January 1, 2003 where he served as Deputy Chairman since June 2003 and as Chairman from January 1, 2005 until December 31, 2008.
Dr. Mackell is a member of the Board of Directors of the Inter-American Dialogue, a think tank that focuses on social, political and economic issues in Latin America, a Director of the Foundation for Fiduciary Studies, a member of the National Board of Directors of Volunteers of America and the Editorial Advisory Board of Institutional Real Estate, Inc.- Publishers and Consultants, and a member of the Council on American Politics at the George Washington Universitys Graduate School of Political Management. He is also a member of the Advisory Council of the Peter G. Peterson Foundation, a member of the Board of Overseers of the Whitehead School of Diplomacy and International Relations of Seton Hall University and a member of the Advisory Council of Cornell Universitys School of Labor and Management Relations.
He was a White House appointee to the ERISA Advisory Council to the Secretary of Labor from 1997 through 1999.
Dr. Mackell spent 14 years with the Marine Engineers Beneficial Association as Administrator of their jointly-administered trust funds and has worked for over 28 years in the investment management and financial services industry working with Taft-Hartley, public, corporate pension funds and endowments and foundations on asset allocation and corporate governance issues.
In the past, Dr. Mackell was a professor at C.W. Post Center, Long Island Universitys School of Health and Public Affairs, and adjunct professor at the New York Institute of Technology Graduate Center for Labor and Industrial Relations School of Management.
He was a member of the Ethics Committee of the Investment Management Consultants Association, a member of the International Foundation for Employee Benefit Plans, a past member of the board of the American Benefits Council, and a member of the National Association of Corporate Directors. He was a director of the Association of Investment Management Sales Executives and a trustee of the community based New York Foundation. He was a former member of the advisory boards of the Empire State College, St. Thomas University School of Law, and the Corsi Institute of Labor-Management Relations of Pace University.
Dr. Mackell is the author of the book: "When the Good Pensions Go Away, Why America Needs a New Deal for Pension and Health Care Reform." He is a frequent guest and commentator on national radio and TV shows.
He earned a bachelors degree from Seton Hall University, attended St. Johns University School of Law, and earned a masters degree from Long Island University and a doctorate from Rutgers University.

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