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

Published: July 22, 2020, 1:38 p.m.

2020 has seen a flood of negative events:  

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  • Lower interest rates 
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  • Declining asset values / increasing asset values 
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  • Increased PBGC premiums 
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  • Lower assumed rate of return 
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  • COVID-19 Business Impact
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  • Cash flow concerns 
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  • Funding & expense volatility 
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  • Decreasing funded status
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  • Layoffs, furloughs, and partial plan terminations.  
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 CFOs and management are asking  \u201cWhat do we do with our Pension Plan?\u201d \u201cHow do we develop a plan to respond?\u201d \u201cWhat are others doing?\u201d   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 \u2013 Defined Benefit   -   Principal Financial Group  Moderator  -  Sean Patton, Partner \u2013 Westminster Consulting