Happiness and the Defined Benefits Plan with David Blumenstein
11/17/22 • 34 min
The type of pension plan you have may play a role in happiness and retirement. According to a 2000 poll conducted by the Center for Retirement Research, retirees with a defined benefit plan were 5.6% happier than retirees with no pension while those with a defined contribution plan were only 4.6% happier. However, retirees with both a defined benefit and a defined contribution were 9% happier than those without a pension. David Blumenstein, President and CEO of Segal, returns to the podcast. David shares his thoughts on why union workers are more satisfied with their retirement plans and how following curiosity instead of passion can lead to personal happiness.
RESOURCES:
In Part 1, David, shares his family's amazing story of hope and perseverance during the Holocaust. Here is the link to that episode:
https://www.buzzsprout.com/412150/11529319-an-inspiring-holocaust-story-and-segal-s-mission.mp3?download=true
For more about David's Family Holocaust story, here are the links:
Regional Emmy Award and National Emmy Nominated Film - Finding Family
David's father donated his trove of Holocaust material to the Cincinnati Holocaust and Humanities Center and the US Holocaust Memorial Museum. Here is a link to the US Holocaust Memorial Museum information.
https://collections.ushmm.org/search/catalog/irn520490
For the PDF book co-authored by David's father, which includes the 150 translated letters, David's grandmother wrote his grandfather during the war. Please email [email protected].
This book gives an actual perspective of daily life as a refugee and the desperate struggle of a mother to find a way out of Europe. It includes the broader story of what happened to Jews during WWII and what the world was aware of as the exterminations were being carried out.
The type of pension plan you have may play a role in happiness and retirement. According to a 2000 poll conducted by the Center for Retirement Research, retirees with a defined benefit plan were 5.6% happier than retirees with no pension while those with a defined contribution plan were only 4.6% happier. However, retirees with both a defined benefit and a defined contribution were 9% happier than those without a pension. David Blumenstein, President and CEO of Segal, returns to the podcast. David shares his thoughts on why union workers are more satisfied with their retirement plans and how following curiosity instead of passion can lead to personal happiness.
RESOURCES:
In Part 1, David, shares his family's amazing story of hope and perseverance during the Holocaust. Here is the link to that episode:
https://www.buzzsprout.com/412150/11529319-an-inspiring-holocaust-story-and-segal-s-mission.mp3?download=true
For more about David's Family Holocaust story, here are the links:
Regional Emmy Award and National Emmy Nominated Film - Finding Family
David's father donated his trove of Holocaust material to the Cincinnati Holocaust and Humanities Center and the US Holocaust Memorial Museum. Here is a link to the US Holocaust Memorial Museum information.
https://collections.ushmm.org/search/catalog/irn520490
For the PDF book co-authored by David's father, which includes the 150 translated letters, David's grandmother wrote his grandfather during the war. Please email [email protected].
This book gives an actual perspective of daily life as a refugee and the desperate struggle of a mother to find a way out of Europe. It includes the broader story of what happened to Jews during WWII and what the world was aware of as the exterminations were being carried out.
Previous Episode
Multiemployer Benefit Plans Provide Peace of Mind
David Blumenstein, President and CEO of Segal, shares how multiemployer benefit funds provide peace of mind for participants. Listen to part one of our conversation at https://www.multiemployerfunds.com/
#multiemployerfunds, #benefitplans, #solutionsprovider, #ARPA
Next Episode
Happy Thanksgiving to our Multiemployer Family!
The World of Multiemployer Benefit Funds Podcast - Happiness and the Defined Benefits Plan with David Blumenstein
Transcript
Narrator 00:03
This is The World of Multiemployer Benefit Funds with Traci Dority- Shanklin. We believe in demystifying retirement solutions, upholding retiree dignity and contributing to economic stability through union organizing, pension reform and legislative activism. In short, we're devoted to busting myths about the labor movement. If you're interested in the enduring power of labor, well, you've landed in the right place. Experts and activists will share
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/the-world-of-multiemployer-benefit-funds-podcast-240557/happiness-and-the-defined-benefits-plan-with-david-blumenstein-26779974"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to happiness and the defined benefits plan with david blumenstein on goodpods" style="width: 225px" /> </a>
Copy