Multiemployer Pension Plans in Crisis:Is the Composite Plan the Answer? (LEL704)
Retirement security for workers is in danger. Defined benefit plans are fast becoming a thing of the past, and multiemployer plans are at risk, too. Given the re-emergence of withdrawal liability and new accounting disclosure rules that threaten employers’ access to credit markets, a new innovative plan is needed.
Congress currently is considering a Composite Plan that features both defined benefit and defined contribution components. Does the Composite Plan offer true retirement security for workers by keeping current employers involved and enrolling new employers?
Join us to discuss the pros and cons with:
- Christopher J.G. Brockmeyer, Director of Employee Benefit Funds, The Broadway League
- Randy G. DeFrehn, Executive Director, National Coordinating Committee for Multiemployer Plans
- Diane Gleave, Senior Vice President & Actuary, Segal Consulting
- Neal S. Schelberg, Partner, Proskauer Rose LLP
- Gary A. Thayer, Of Counsel, Archer, Byington, Glennon & Levine LLP