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|TELECONFERENCE: What is the Future of Defined Benefit Pension Plans? Strengthening Retirement Security with Less Risk|
Wednesday, April 17, 2013 12:00 pm-1:30 pm
Defined Benefit pension funds are in trouble. Employers are reluctant to take on the risk inherent in the traditional model of DB plan. But the shift to Defined Contribution places too much risk on the individuals and does not adequately fund retirements. The Pension Protection Act, which sunsets December 31, 2014, was supposed to secure the funding of existing DB plans. Did it succeed? Should it be reenacted? If so, what changes are recommended? Can we save the poorly funded plans? Is there a better model for the future? The National Coordinating Committee of Multiemployer Plans convened a Retirement Security Review Commission tasked with protecting retirement while reducing risk for employers.
Join us for a teleconference (your registration confirmation email will have the dial-in information) with Randy DeFrehn, Executive Director of NCCMP, and Christopher Brockmeyer, a participant in the Commission, to learn about their conclusion and to gain legal and practical insights about protecting retirement security. This program will be of interest to attorneys who specialize in employee benefits, labor and employment lawyers, and those who want a better understanding of what the future holds for pension plans.
Moderator: JEFFREY G. STEIN, General Counsel, 1199SEIU Benefit and Pension Funds
Speakers: RANDY DEFREHN, Executive Director, National Coordinating Committee of Multiemployer Plans, Washington, D.C.; CHRISTOPHER J.G. BROCKMEYER, Director of Employee Benefit Funds, The Broadway League
Sponsored by: Committee on Employee Benefits and Executive Compensation, Rania Sedhom, Chair