The New Landscape: COVID-19's Impact on Defined Benefit Plans


Tuesday, June 30, 2020 (1pm - 2pm US/Eastern)


The pandemic has had a mixed impact on single-employer pension plans and arguably a devastating impact on multiemployer pension plans. In this session, Christopher Bone, former Director of Policy, Research and Analysis Department of the Pension Benefit Guaranty Corporation, will discuss how market volatility and changes in the benchmark corporate bond interest rates have affected deficits across the U.S. pension system as well as the implications of the deficit changes. He will be joined by Jason Russell of Segal and Bruce Cadenhead of Mercer.

Speakers:

Christopher Bone, former Director of the Policy, Research and Analysis Department (PRAD), Pension Benefit Guaranty Corporation

Jason Russell, Senior Vice President and Actuary, Segal Consulting

Bruce Cadenhead, Partner, Global Chief Actuary, Mercer

Jack VanDerhei, Research Director, EBRI, Moderator