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
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