Relief and options for pension plans: Key considerations of the American Rescue Plan Act

The new legislation will deliver not only welcome cash funding relief, but also funding flexibility for pension plan sponsors. While seemingly straightforward, the legislation provides options regarding how and when single-employer plans might implement the different provisions.

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The pension environment over the past year has been a challenge. Or has it? Investments were up, but interest rates came down. And COVID-19 has decreased U.S. life expectancy by one year in the first half of 2020.

And now we have the American Rescue Plan Act of 2021. To help you understand the pension environment and evaluate your options, our speakers will discuss: 
  • Key provisions of the American Rescue Plan Act and the choices facing plan sponsors
  • Illustrative examples and the impact of the available choices
  • The potential impact of COVID-19 on participant mortality and plan sponsor liabilities for 2021 and beyond

About our speakers

Tonya_Manning_300Tonya Manning, FSA, EA, FCA, MAAA | Tonya is the Wealth Practice Leader and Chief Wealth Actuary for Buck. She manages the practice's operations, client services, and strategic direction. She also oversees the Office of Chief Actuary, which provides guidance and support to Buck's actuarial staff on consulting topics, technical issues, professional standards, and policies and procedures. Tonya is also a lecturer for Columbia University’s Master’s Program in Actuarial Science, where she developed and continues to teach their Pension course.
Scott KropfScott Kropf, FSA, CFA, EA, FCA, MAAA | Scott is a Principal and Growth Leader for Buck’s U.S Wealth Practice. He oversees growth efforts by championing new ideas and thinking to support Buck’s consultants and clients. Scott has also been consulting with clients on all aspects of their retirement programs for more than 30 years and is an advisor to Buck’s Office of the Chief Actuary.

Related webinar:

Compliance implications of the American Rescue Plan Act on employment, health, and welfare benefits – what comes next?

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