Design and Implementation of Pension De-Risking Programs

May 29, 2014

On May 29, 2014, Morgan Lewis presented the first installment of our 2014 Plan Sponsor Basics webinar series, which focuses on the issues that many plan sponsors face in the design and operation of their retirement plans.

A combination of factors — improved funded status, access to inexpensive credit in the capital markets, and higher carrying costs (e.g., higher Pension Benefit Guaranty Corporation premiums, possible liability increases due to changes in mortality, etc.) — continues to motivate plan sponsors to consider pension plan “de-risking” efforts.

This webinar discussed legal issues and concerns that plan sponsors should consider when designing and implementing pension plan “de-risking” programs, such as lump-sum window programs, annuity purchases, and liability-driven investment programs. These issues and concerns included tax-qualification issues, fiduciary considerations, and possible litigation concerns.

Upcoming Plan Sponsor Basics Webinars

June 18 | Fiduciary Issues for Retirement Plan Sponsors

Sept. 10 | Preparing for and Managing Plan Audits

Oct. 21 | Pension Benefit Guaranty Corporation Issues for Pension Plan Sponsors

Nov. 4 | Issues for 401(k) Plan Sponsors with Employer Stock Investment Funds