Tag Archives: Carrie Vaughn

Reading list: COVID-19 implication for pension plans

The financial effects of the COVID-19 pandemic is a big concern for pension plan sponsors. The following list of articles highlights several topics sponsors must consider to navigate the landscape successfully now and moving forward.

COVID-19 to leave multiemployer pension system more distressed than ever
By Kelly Coffing, Tim Connor, Nina Lantz

Activities in many industries have slowed with concern that the recovery of normal operation could take years, reducing the contributions coming into multiemployer pension plans. This Multiemployer Review explains how COVID-19 could leave the multiemployer pension system even more distressed.

Impact of COVID-19 on your pension plan: CARES Act funding relief for single-employer defined benefit plans
By Delbert Zamora

Single-employer defined benefit plan sponsors need to weigh the impact of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This article focuses on the CARES Act provision allowing deferment to January 1, 2021, of required plan contributions due in the 2020 calendar year.

Impact of COVID-19 on your pension plan: Market volatility and the effect on single-employer plans
By Scott Preppernau

The pandemic has created turmoil for the financial markets, raising profound and potentially long-lasting concerns for pension plan sponsors. This article explores several key financial measurements and plan requirements to help single-employer pensions traverse the current situation.

Pension risk management: COVID-19 FAQs
By William Strange

Market volatility resulting from the coronavirus outbreak has led many organizations to ask a variety of questions related to pension risk management. This FAQ highlights some of those questions with corresponding answers.

Impact of COVID-19 on your pension plan: Considerations for layoffs
By Jeff Baker

Many employers are implementing layoffs to maintain economic viability, which have the potential to create some unintended consequences to pension plans. This article focuses on several plan issues that sponsors should consider following a workforce reduction such as layoffs or furloughs.

Can multiemployer pension plans survive COVID-19?
By Ladd Preppernau and Carrie Vaughn

The effect of the coronavirus on the economy and financial markets has major implications for multiemployer plans. This Multiemployer Alert presents several questions and answers that sponsors must think about concerning their plans.

How is COVID-19 affecting multiemployer plans?

The effect of the coronavirus on the economy and financial markets has major implications for multiemployer plans. In this Multiemployer Alert, Milliman actuaries Ladd Preppernau and Carrie Vaughn present several questions and answers that sponsors must consider about their plans in light of the current pandemic.

Retirement plan considerations related to expanded determination letter program

Earlier this year, the Internal Revenue Service (IRS) released Revenue Procedure (Rev Proc) 2019-20 announcing an expansion of the determination letter program for certain retirement plans. The determination letter program, previously restricted in 2017 (Rev Proc 2016-37), will be expanded on September 1, 2019. This action opens the program up to statutory hybrid plans to apply during a 12-month window, and also allows certain merged plans indefinitely. Milliman’s Carrie Vaughn offers more perspective in this Multiemployer Review article.