Multiemployer Pension Plans in Crisis: Is the Composite Plan the Answer?

Retirement security for workers is in danger. Defined benefit plans are fast becoming a thing of the past and multiemployer plans are also at risk.  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

Sponsored by Archer, Byington, Glennon & Levine LLP

When: June 29th, 2016
9:00 am-11:00 am - Program

Where: Cornell ILR NYC Conference Center
16 East 34th Street, 6th Floor
New York, NY 10016
Fee: $150 (includes materials and contintntal breakfast)
CLE Credit: 2.0 NYS CLEs - Professional Practice (Transitional and Non-Transitional)  

AGENDA (PDF, 208 KB)

SPEAKER BIOS

PPTS

MATERIALS
>DeFrehn, Randy G. and Shapiro, Joshua, Solutions Not Bailouts - A Comprehensive Plan from Business and Labor to Safeguard Multiemployer Retirement Security, Protect Taxpayers and Spur Economic Growth: A Report on the Proceedings, Finding and Recommendations of the Retirement Security Review Commission of the National Coordinating Committee for Multiemployer Plans.pdf (PDF, 319 KB)
>Feinberg, Kenneth R.,  Special Master, Communication to Central States Regarding Denial of Proposed Pension Rescue Plan (May 6, 2016) 
>Between Multiemployer Plans, A Proposed Rule by the Pension Benefit Guaranty Corporation, Federal Register-The Daily Journal of the United States Government (6/6/16)
>Multiemployer Pension Reform Act of 2014 
>Pifel, Belen, Multiemployer Pension Plans: Composite Designs (June 11, 2015)
>Shapiro, Josh, Groom Law Group, Construction Composite Plans: A New Approach to Modernizing Multiemployer Retirement Benefits
>Suspension of Benefits under the Multiemployer Pension Reform Act of 2014: Final Rule, Federal Register, Vol. 81, No. 82 (April 28, 2016)
>Mergers and Transfers Between Multiemployer Plans, A Proposed Rule by the Pension Benefit Guaranty Corporation, Federal Register-The Daily Journal of the United States Government (6/6/16)
>Ideas-Trusted Advice for Multiemployer Plans, Segal Consulting, Neither DB nor DC: The Composite Plan (PDF, 524 KB)
>Innovation: New Structures to Foster Innovative Plan Design—Draft Legislative Language for Composite Plans (DOCX, 82 KB)
>In Search of Greater Retirement Security: The Composite Plan Design (DOCX, 14 KB)