Bio for Michael Kreps
Michael P. Kreps
Pensions Counsel (Sen. Harkin)
U.S. Senate Committee on Health, Education, Labor & Pensions
Michael P. Kreps serves as Pensions Counsel to the Senate Committee on Health, Education, Labor & Pensions, where he advises Chairman Tom Harkin and other committee members on ERISA and retirement issues. Michael joined the HELP Committee after practicing employee benefits law at a law firm in Washington, DC. While in private practice, he specialized in the fiduciary responsibility and prohibited transaction rules under ERISA as well as the plan funding, termination and restructuring rules. Michael holds a J.D., with honors, from the George Washington University Law School and a B.A., with distinction, from the University of Colorado.
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NAFI Retirement Plans are retirement plans sponsored by government entities known as Non-Appropriated Fund Instrumentalities (NAFIs). NAFIs are part of the federal government but they do not receive funding from Congress. Instead, NAFIs fund themselves with revenue they earn through the services and products that they provide. Because NAFI employees are not eligible to participate in the retirement plans available to most civilian federal government employees, NAFIs sponsor their own plans. Learn more.