AFL-CIO Collaboration Develops Target Date CIT Funds for DC Plans

“This suite of target date CIT funds is a welcome addition to the lineup of financial products which carry the AFL-CIO name,” said AFL-CIO President Richard Trumka. “Defined benefit plans remain the bedrock of a secure retirement. However, the Labor Movement’s philosophy that all Americans are entitled to retire with dignity and financial security dictates that we must also ensure that defined contribution investors’ interests are protected. This product provides a cost-effective solution that brings this proposition to life. We are grateful to our partners for sharing our values and making good on that commitment.”

Read the full article in 401K Specialist.