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.
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.
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.
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.