Labor and Employment Law Program

In our rapidly changing economy, with numerous corporations filing for bankruptcy protection and employee benefits being modified in an increasingly competitive world, workers are naturally concerned about the survival of their pensions. Changes from the traditional defined benefit plan to a defined contribution plan have become common.

In the public sector, where the filing of a bankruptcy is unheard of, employees are curious about how changes in pension benefits in the private sector may impact public sector employees, particularly those with retirement on the horizon. This webinar will discuss pension changes experienced by moribund industries and their impact on the survival of employee pension.

Topics

• The Employee Retirement Income Security Act ("ERISA")
• The Difference between a Defined Benefit and a Defined Contribution Pension Plan
• The Impact of a Bankruptcy Declaration on an established Defined Benefit Pension System
• The Pension Benefit Guarantee Association (PBGA): How does the PBGA help to secure a failed pension system?
  -- Unfunded Pension Plans and their survival during the bankruptcy process
  -- What can we expect may be on the horizon for the public sector pension systems?

Instructor

Aaron M. Pierce, Esq., of Bond, Schoeneck & King, PLLC, practices in all areas of employee benefits law, including the design, implementation, operation, and termination of qualified and non-qualified pension and welfare benefits plans. He has significant experience in counseling plan sponsors regarding the correction of plan administration problems under various Internal Revenue Service correction programs.