Multiemployer trustee boards are anticipating significant levels of turnover in the next five years. This is coupled with the large majority of fund representatives stating that trustee duties are becoming increasingly difficult. To combat these trends, trust funds are deploying a wide variety of initiatives to recruit, select and retain the next generation of trustees. These are among the findings of the new International Foundation survey report about multiemployer trustee boards. The report Trends in Multiemployer Trustee Boards: 2019 Survey Results captures benchmarking data from 233 trust fund representatives including labor and management trustees, plan administrators, and appointing authorities. The survey covered prominent trust fund challenges, trustee recruitment, selection and retention initiatives, trust fund policies, the use of professional trustees, and trust fund attributes.
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