Impact of the Economic Downturn on Single Employer Defined Benefit Pension Plans

Wagner Law Group P.C.

The current volatility in the economy due to the Coronavirus pandemic has created various issues for retirement plans that need to be addressed in an expedited and efficient manner. The impacts on single employer defined benefit pension plans can be categorized into three broad areas: day-to-day plan operations, plan administration and fiduciary matters. Please join us, with speakers Jon Schultze and Stephen Wilkes, for an important and informative discussion of each of these categories and the related range of considerations.

The following issues will be covered:

1. Impact of furloughs and layoffs
2. Freezing benefits
3. Plan terminations
4. PBGC issues
5. Plan investments and fiduciary duties
6. Plan funding issues
7. CARES Act relief

Webinar Objectives:

This program will include a discussion of applicable law, the impact on the administration and operation of defined benefit pension plans, and reasonable steps that employers can consider taking to mitigate their potential fiduciary exposure.

Who will benefit from this webinar:

• Plan sponsors
• HR professionals
• In-house counsel
• Attorneys

For the PowerPoint presentation, view here

For recording, view here or use the link below.

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