July 22, 2020

Attention Defined Benefit Sponsors. What Now? What's Next?

30 minutes

2020 has seen a flood of negative events:

Lower interest rates

Declining asset values / increasing asset values

Increased PBGC premiums

Lower assumed rate of return

COVID-19 Business Impact

Cash flow concerns

Funding & expense volatility

Decreasing funded status

Layoffs, furloughs, and partial plan terminations.

CFOs and management are asking “What do we do with our Pension Plan?” “How do we develop a plan to respond?” “What are others doing?” Join us for a discussion on Tuesday, July 21st when we will address these and other topics specifically around traditional defined benefit pension plans. Our panel of experts will include: Larry Peters, CPA, Enrolled Actuary - Westminster Consulting Mike Clark, Senior Consulting Actuary - Principal Financial Group Scott Ruba, Director – Defined Benefit - Principal Financial Group Moderator - Sean Patton, Partner – Westminster Consulting

...more