Conducted on Wednesday, May 27, 2015
Designing and Implementing a Strategy to Minimize Risk and Ensure ERISA Compliance
This CLE webinar will provide benefits counsel with a review of pension de-risking approaches companies can use to reduce some of the risks involved with employee retirement benefits and keep retirement plans adequately funded. The panel will offer best practices for leveraging the precautions to prevent ERISA fiduciary law violations when making transfers.
New mortality tables, volatile interest rates and market conditions, and increased PBGC premiums may make pension de-risking an attractive option for benefit plan sponsors. Opting to transfer some or all of a sponsorís plan risk may make sense for many companies.
De-risking approaches can take many forms, from transferring company obligations to third parties, to offering payouts to plan participants, to undertaking liability-driven investing and other strategies. Counsel and companies must tread carefully to avoid ERISA-based litigation or regulatory inquiries.
Prudent de-risking requires thorough financial analysis and clear demonstrations that ERISA fiduciary standards are met. Counsel should guide companies on how to establish the reasonableness of decisions and prepare to defend against possible court challenges.
Listen as our panel of experienced employee benefit practitioners provides guidance on precautions for companies undertaking transfers of pension plan obligations to third parties or other de-risking options. The panel will outline best practices for assembling a thorough financial review, complying with ERISA requirements, and responding to potential legal challenges from plan participants.
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