A “Miner” Change to the Government 457(b) May Make a Major Difference To Teachers
The Teacher's Advocate
JANUARY 15, 2020
The United Mine Workers of America health and pension funds, like more than 1,400 similar one-industry plans, were underfunded. But because the K-12 403(b) is not subject to ERISA fiduciary oversight, most plans feature high-cost products sold by high-commission sales agents. Then along came The American Miners Act of 2019.
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