Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
MILWAUKEE, March 17 -- Marquette University issued the following news release:
Law School professor Paul M. Secunda has been appointed vice chair of the U.S. Department of Labor's 2014 Advisory Council on Employee Welfare and Pension Benefit Plans.
U.S. Secretary of Labor Thomas E. Perez named Secunda to a leadership position in the council, which is commonly referred to as the ERISA Advisory Council and provides advice on policies and regulations affecting employee benefit plans governed by the Employee Retirement Income Security Act of 1974. Secunda initially was named to the 15-member council in January 2013.
Secunda, a nationally recognized expert on employment law, is in his sixth year as a faculty member at Marquette. He has written several books and articles on employee benefits law, and is regularly sought out for his expertise by media outlets across the country.
"Public service in a variety of forms has long been a commitment at Marquette, both of the university as a whole and, specifically, the Law School," said Joseph D. Kearney, Dean and Professor of Law at Marquette University Law School. "Professor Secunda's appointment to the U.S. Department of Labor ERISA advisory council is a significant example of such service, both in its own right and as an example for our students."
Secunda teaches numerous courses in the areas of employment and labor law. He is the faculty advisor for the Marquette Law School Labor and Employment Law Society.
"I'm honored and humbled to accept a leadership position within the council, and thank Secretary Perez for appointing me in this leadership role," Secunda said. "This position is an opportunity to help in an area of the law that is of vital importance to American families."
Prior to teaching, Secunda practiced law in Philadelphia. He also served as a judicial clerk for Judge Murray M. Schwartz on the U.S. District Court for the District of Delaware.
Members of the ERISA Advisory Council serve for staggered three-year terms. Three members are representatives of employee organizations. Three members are representatives of employers. Three members are representatives of the general public. There is one representative each from the fields of insurance, corporate trust, actuarial counseling, investment counseling, investment management and accounting.
"The dedicated experts who volunteer to serve on the ERISA Advisory Council are a wonderful resource," Secretary Perez said. "I have no doubt the 2014 council will build upon the impressive body of benefits research and analysis begun by their predecessors."