Pension de-risking is emerging as a critical theme in the United States among defined benefit plan sponsors of all sizes as companies with significant pension obligations seek strategies to reduce their exposure to volatility. These concerns have been heightened by changes in accounting and funding rules, as well as by volatile capital markets, a low interest rate environment, and longevity risk issues. De-risking strategies designed to extinguish plan obligations include transferring all or a portion of a pension plan’s assets and liabilities to an insurance company or offering plan participants the opportunity to take their benefits in the form of a lump sum distribution.
Please join Employment & Benefits partner Maureen Gorman for an update on recent legal and market developments in the area of de-risking. Topics to be addressed include:
- The recent Fifth Circuit decision in the Verizon litigation
- IRS restrictions on lump-sum de-risking
- IRS mortality tables
- PBGC developments
- IMF concerns
- Recent transactions of note
This call is an update of a previous GFMI teleconference on the topic from February 12, 2015.
Instructions for accessing the program will be sent prior to the event.
For additional information, please contact GFMI@mayerbrown.com.
Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.