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The 2015 Pension 40: Kenneth Feinberg

No. 26 Kenneth Feinberg, Managing Partner / The Law Offices of Kenneth R. Feinberg

ByTyler Davies

December 22, 2015

<The 2015 Pension 40: The Long Climb

Kenneth Feinberg

管理合伙人/肯尼斯·菲恩伯格的律师事务所

Last year’s rank: Not ranked

Kenneth Feinberg解决了一些艰难的挑战。Feinberg前参议员泰德肯尼迪的华盛顿律师和妇女职员主任专门从事调解和争议解决。他着大地监督了9/11袭击事件的受害者的赔偿基金，工作Pro Bono 33个月。2010年，美国财政部任命他监督已获得联邦救助金额的金融公司的赔偿计划。今年六月，财政部部长杰克·卢问范伯格以监督困扰塔夫脱 - 哈特利工会养老金计划的养老金重组计划，来到2014年克莱恩 - 米勒多雇主养老金改革法案（见兰迪DeFrehn，第23号）。危险资金欠惠更的合格资金向养老金福利担保公司提交重组提案，由财政部，PBGC和劳工部进行审查。费因伯格在那些提案上重量;如果他发现他们不可接受，他们可能会被送回联盟。如果更改批准，而是由工会成员拒绝，范伯格可以覆盖该投给那些“系统重要性”的资金 - 这意味着收购将花费PBGC $ 1十亿以上。Teamsters的中央州养恤金基金的国际兄弟情谊成为九月提交重组提案时第一次提交新法律的计划。 “We have 225 days by statute to conduct a comprehensive review of the proposed plan and the retirement benefit cuts,” says Feinberg, 70. “Then I’ll either approve the plan or reject it.” He recognizes the effect pension cuts may have on beneficiaries. “They bargained for this; they expect it,” he says of promised pension benefits. “This [Central States] plan, which calls for average cuts of 50 percent on retirement benefits, could have a huge impact.” This puts Feinberg in a unique position: In a few years he has gone from annoying the U.S.’s biggest bankers to potentially stirring the wrath of union leaders like Teamsters general president James Hoffa.

The 2015 Pension 40