Pension Symposium: The Future is Here - So What Does That Mean?
Credits: EA Noncore 8.40 CPD 8.40
In response to the continuing concern over the funding status of the US pension system, Congress passed the Pension Protection Act. While the new Act attempts to explain and change the face of funding in the pension world, the actuarial profession is faced with the challenge of figuring out: where the pension system is going, is there still a future for defined benefit plans, are employers just going to terminate their present plans, and what happens when employees realize that the “new” 401k plans are nothing more than savings accounts?
As a profession, we must take a step back and look at the broader picture as our concern extends to nations throughout the world who are facing retirement crises of their own. Listen as we discuss how the private US retirement system is positioned in comparison to its international counterparts, and the importance of employer sponsored retirement plans. The Symposium consists of four sessions – two on Wednesday afternoon and two on Thursday morning. Speakers address the current state of pension plans by identifying strengths, weaknesses, opportunities and threats – with a focus on strengthening retirement security in the US. The purpose of each session is to identify potential pathways for our profession as we collaborate with other stakeholders in defining future directions.
Speakers from the large consulting firms, Senate Finance Committee, AARP, Pension Rights Center, AFL/CIO, PBGC and other Washington related representatives are invited to present their views on what’s happening and where we are headed. These are interactive sessions with short presentations followed by open discussion with the speakers.
Donald J. Segal
2. Ronald Gebhardtsbauer - Pennsylvania State University
3. James M. Delaplane - Davis and Harman LLP
4. Thomas S. Terry - TTerry Consulting LLC
5. Donald E. Fuerst - American Academy of Actuaries
6. Tonya B. Manning - Internal Revenue Service
7. Kent A. Mason - Davis & Harman LLP
8. Kenneth A. Kent - Cheiron, Inc.
9. Judy A. Miller - ASPPA
10. Ethan E. Kra - Ethan E. Kra Actuarial Services LLC
11. Mark J. Warshawsky - Towers Watson
12. Robert Patrician - Communications Workers of America
13. Randy DeFrehn - National Coordinating Committee for Multiemployer Plans
14. John Turner - Pension Policy Consulting
15. Michael Walter Peskin - Morgan Stanley & Co.
16. Emily K. Kessler - Society of Actuaries
17. Eli Greenblum - The Segal Company
18. David R. Godofsky - Alston & Bird, LLP
19. Karen Friedman - Pension Rights Center
20. C. David Gustafson - Pension Benefit Guaranty Corp.
21. Jerry Mingione - Towers Watson
22. Christopher M. Bone - Edth Limited LLC
23. Fred Conley - Genworth Financial