3-A-4 - Offloading Multiemployer Plan Risk
A key lesson from the past 15 years is that multiemployer pension plans become increasingly vulnerable to market declines as they mature. Purchasing annuities for a segment of the retiree population can be an effective tool for mitigating this risk, and one that has become more cost-effective as interest rates have retreated from historic lows. Panelists discuss the factors that trustees should consider when making this decision, review best practices for actuaries helping boards understand the key issues, and provide an overview of the process from start to finish. Note that the allocation of EA Core/Non-Core credit depends on the actual content of the presentation.
Speakers:
Jason L. Russell
Joseph C. Anzalone
Mr Paul Lowell Graf
Mr. Joshua Alton Davis