Pension De-Risking for Employee Benefit Sponsors: Avoiding Litigation and Enforcement Action
Designing and Implementing a Strategy to Minimize Risk and Ensure ERISA Compliance
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course 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.
Outline
- De-risking overview
- Current trends
- Different approaches
- Transfers to third parties
- Lump sum payouts for participants
- Investment strategies
- Procedural prudence and meeting ERISA fiduciary requirements
- Prudence
- Care
- Loyalty
- Potential challenges from plan participants
- Grounds for challenges
- Likelihood of success
Benefits
The panel will review these and other key issues:
- How can pension providers demonstrate they have met their ERISA standards of prudence, care and loyalty to plan participants?
- What steps should be taken in preparation for termination of a pension plan?
- What are the grounds for the various challenges to de-risking approaches and what are the steps that can be taken to mitigate this risk?
Faculty
Maureen J. Gorman
Partner
Mayer Brown
Ms. Gorman’s practice focuses on executive compensation and employee benefits matters. Her work includes advising... | Read More
Ms. Gorman’s practice focuses on executive compensation and employee benefits matters. Her work includes advising on tax and benefit issues in both domestic and international contexts, counseling on ERISA fiduciary issues, controversy work involving IRS and DOL audits, and all nature of transaction work.
CloseDavid Hartman
Vice President and General Counsel
General Motors Asset Management
Mr. Hartman is general counsel to a wholly owned subsidiary of General Motors Company that serves as investment... | Read More
Mr. Hartman is general counsel to a wholly owned subsidiary of General Motors Company that serves as investment fiduciary to, and has responsibility for managing the assets of, employee benefit plans sponsored by GM. His duties focus on institutional investment management, investment transactions including in alternative asset classes, fiduciary matters, and general corporate and transactional matters.
CloseDr. Susan Mangiero
Fiduciary Leadership
Dr. Mangiero has provided testimony before the ERISA Advisory Council, the OECD and the International Organization... | Read More
Dr. Mangiero has provided testimony before the ERISA Advisory Council, the OECD and the International Organization of Pension Supervisors, as well as offered expert testimony and behind the scenes forensic analysis, calculation of damages and rebuttal report commentary for various investment governance, investment performance, fiduciary breach, prudence, risk and valuation matters.
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