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The Association for Financial Professionals (AFP) Committee on Investment
of Employee Benefit Assets (CIEBA) is a nationally recognized voice for
those corporate executives who are responsible for the investment funds
of pension and employee welfare benefit plans regulated under the Employee
Retirement Income Security Act (ERISA).
CIEBA is composed of more than 100 of the largest corporate pension funds
in the U.S. with more than $ 1.3 trillion in retirement plan assets under
management on behalf of more than 15 million plan participants and beneficiaries.
The members of CIEBA believe that a healthy private industry pension
system provides a major source of retirement income complementing individual
savings and Social Security. The system's plan assets also provide a significant
source of long-term capital essential for growth, and through security
trading, contribute to market liquidity and a lower cost of capital.
ERISA sets forth standards for funding the retirement benefit obligations
to plan participants and the fiduciary requirement that investment decisions
be made solely in the interest of plan participants.
CIEBA is committed to strengthening the very successful private industry
pension system in the United States.
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