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CIEBA, the Committee on Investment of Employee Benefit Assets, represents 115 of the country's largest pension and defined contribution trusts. Its members manage more than $2.5 trillion of defined benefit and defined contribution plan assets on behalf of more than 16 million participants and beneficiaries. As the largest organization of private plan investment officers, CIEBA represents the interests of chief investment fiduciaries of employee benefit plans in front of legislators, Congress, regulators, and the media. Click here to learn more. Spotlight on our March 2023 Working Group Meeting Click Here to Read the ArticleSpotlight on our January 2023 Working Group Meeting Click Here to Read the ArticleCIEBA Testifies During DOL Hearing on Proposed Amendments to QPAM Exemption
On November 17, the Department of Labor held a hearing on proposed amendments to the Qualified Professional Asset Manager (QPAM) prohibited transaction exemption. After introductory comments on the topic from the new Assistant Secretary of Labor, Lisa Gomez (top left), CIEBA testified about our major concerns with the DOL’s proposed amendments to the QPAM exemption. Robin Diamonte, CIO of Raytheon; Kevin Walsh, Principal at Groom Law Group; and Dennis Simmons, Executive Director of CIEBA, discussed concerns with the proposed amendments hampering pension investment fiduciaries' reliance on the QPAM exemption. Click Here to Read Our LetterCIEBA Testifies for Greater ERISA Investment Transaction FlexibilityClick Here to Learn More/View a Clip of the TestimonyRecent Interview with CIEBA Executive Director, Dennis SimmonsClick here to Read the TranscriptCIEBA Comments on Procedures Governing the Filing and Processing of PTE ApplicationsClick here to Read Our LetterCIEBA Expresses Concerns on Guidance on Cryptocurrency in 401(k) PlansClick here to Read Our LetterCIEBA Voices Concerns to Congress on Recent Bill’s Impact on PensionsClick here to Read Our LetterCIEBA Files Amicus Curiae on Supreme Court ERISA case, Hughes v. Northwestern.CIEBA felt strongly that the case, which deals with the appropriate standard for an ERISA plaintiff’s claim to survive the pleadings stage, was important enough to CIEBA Members to warrant having CIEBA weigh in directly by name. Essentially, we made the point in the Brief that there should be meaningful pleading-stage scrutiny to force plaintiffs to make sufficiently specific ERISA Fiduciary breach claims in order to minimize costly nuisance ERISA complaints. The case is set for argument for Dec. 6 with a ruling likely in early 2022. We will continue to monitor the case and will keep everyone updated. Click Here to View the Article
CIEBA testifies at ERISA Advisory Council hearing on 401(k) Brokerage Windows
Click Here to View the Testimony & Key PointsMedia Coverage - "CIEBA in the News"CIEBA Public Policy Task Force helps secure funding stabilization
Click Here to Read an Excerpt of the ArticleClick Here to Read the Full Article in Pensions & InvestmentsCIO Magazine Article: CIEBA Selects New Chair and Increases Membership Despite COVID-19Click Here to Read the ArticleCIEBA Comments to DOL on "Improving Investment Advice for Workers and Retirees"CIEBA recently submitted an important letter supporting DOL’s efforts to enhance retirement security, particularly with respect to the aspects of participant rollovers. Click Here to Read Our Letter
CIEBA Helps Coordinate Efforts for Pension Funding StabilizationCIEBA recently submitted two important letters urging Congress to stabilize DB plan rules to provide more predictable and sustainable contribution levels for employers. The two letters are linked here. The first letter submitted by CIEBA lays out specific relief provisions, all of which were ultimately incorporated in the recently introduced HEROES Act on May 13, 2020. The second letter contains support from close to 100 organizations, many of whom are CIEBA Members, underscoring the importance and the need for this relief. Please contact CIEBA Executive Director, Dennis Simmons ([email protected]), if you have any questions. Click Here to Read our Pension Funding Stabilization LetterClick Here to Read Our Coalition Letter
2020 January Working Group Meeting in ReviewTake a look at our January Working Group Meeting.
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2020 March Virtual Working Group Meeting in ReviewTake a look at our first virtual CIEBA meeting.
Click Here to Read the ArticleSpotlight on our June 2022 Working Group Meeting Click Here to Read the ArticleSpotlight on our April 2022 Virtual Working Group Meeting
Click Here to Read the ArticleSpotlight on our January 2022 Virtual Working Group Meeting
Click Here to Read the ArticleDr. Ben Bernanke & Others Join CIEBA for 2021 Annual Meeting
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CIEBA Executive Director Dennis Simmons in "The State of Retirement: Shaping the Future."
CIEBA Executive Director, Dennis Simmons, recently shared thoughts on key issues and opportunities to strengthen the retirement savings system. Click Here to Listen to the EpisodeCIEBA Comments on DOL's Proposed Rule regarding Proxy Voting & Shareholder RightsCIEBA encourages DOL to implement prudent, efficient standards for proxy voting and monitoring. Click Here to Read Our LetterCIEBA Testifies at DOL Hearing on Improving Investment AdviceClick Here to Read More
CIEBA Issues Press Release on Alternatives In Defined Contribution PlansClick Here to Read the ArticleCIEBA Executive Director Comments on Alternatives in Defined Contribution PlansDennis Simmons, Executive Director of CIEBA, was recently quoted in an article in Pensions & Investments on alternatives in defined contribution plans. Click Here to Read the ArticleApril 2021 Virtual Working Group Meeting in Review |
