HomeWebcastPractical Tips and Strategies in Avoiding Pitfalls in Pension Plan De-Risking
Online CLE Pension Plan CLE

Practical Tips and Strategies in Avoiding Pitfalls in Pension Plan De-Risking

Live Webcast Date: Wednesday, June 27, 2018 at 3:00 pm - 4:30 pm (ET)
Employee BenefitsRecording

Online CLE Pension Plan

Join us for this Knowledge Group Online CLE Pension Plan Webinar. De-risking is an important tool for companies in effectively managing the expense and cash volatility of an employer sponsored defined benefit pension plan. However, legal risks and certain types of plan provisions create potential pitfalls and the true financial impact is not always fully understood.

In this Webcast, a panel of distinguished professionals and thought leaders will discuss in-depth the important aspects and the legal issues associated with corporate pension plan de-risking. They will also provide practical tips and strategies on how companies can manage potential risks and challenges.

Key topics include:

  • U.S. Corporate Pension Plans – An Overview
  • De-Risking: Trends, Developments, and Updates
  • Pension De-Risking Techniques
  • Liability Reduction Strategies
  • Buy-Ins vs. Buy-Outs
  • Risk Drivers and Management
  • Minimizing Legal Risks in De-Risking

Who Should Attend

  • Human Resource & Benefits Personnel
  • Pension Risk Managers
  • Benefits Managers
  • Compensation and Benefits Consultants
  • Employment Law Attorneys
  • Employee Benefits Attorneys
  • Defined Benefit Plan Sponsors
  • Retirement Plan Sponsors
  • In-House Counsel

Faculty

Online CLE Pension Plan
Sarah N. Lowe
Member
Frost Brown Todd LLC
Online CLE Pension Plan
Mark Wincek
Partner
Kilpatrick Townsend & Stockton LLP
Online CLE Pension Plan
R. Evan Inglis, FSA, CFA
Senior Actuary
Nuveen Investments Inc.

Click Here to Read Additional Material

Online CLE Pension Plan

SEGMENT 1:
Sarah N. Lowe, Member
Frost Brown Todd LLC
  • The types of annuitizations and related issues,
  • The ways of structuring the annuitizations,
  • IB 95-1 - its requirements and the process that annuitizations usually entails.

SEGMENT 2:
Mark Wincek, Partner
Kilpatrick Townsend & Stockton LLP
  •  Protectives and Best Practices


SEGMENT 3:
R. Evan Inglis, FSA, CFA, Senior Actuary
Nuveen Investments Inc.
  • Basic approaches to de-risking – investment strategy, lump sums, group annuity purchases and plan termination
  • Where does the risk go?
  • Asset allocation before and after
  • Impact on funded status
  • Complications due to lump sum payment provisions
  • Issues for cash balance plans
  • Impact of new mortality assumptions
  • The impact of rising interest rates
  • Will investment returns and interest rates bail out the plan?

Online CLE Pension Plan

Online CLE Pension Plan

Sarah N. LoweMemberFrost Brown Todd LLC

Sarah Lowe is a Member at Frost Brown Todd in Nashville. She focuses her practice on employee benefits, with an emphasis in the areas of qualified plans, related ERISA fiduciary issues and pension plan investments. She reviews and negotiates provisions of pension plan investments on behalf of large pension funds, including hedge funds and other alternative investments. She also routinely assists structuring private investment funds and portfolio investments to avoid being subject to ERISA fiduciary rules, and regularly advises clients on compliance with ERISA's rules regarding fiduciary duties and prohibited transactions.

Sarah has significant experience in pension de-risking, including investments, lump sum windows and annuity transactions such as “lift out” and termination transactions representing a number of different parties. Her annuitization experience includes representing plan sponsors, plan fiduciaries and independent fiduciaries in multiple complex annuity transactions. Sarah counsels and negotiates for clients regarding employee benefit issues in connection with mergers, acquisitions, dispositions and other business transactions. She has advises public and private employer clients regarding issues related to design, preparation, communication, administration and operation of qualified plans and the related funding vehicles, including pension and profit sharing plans, 401(k) plans, rabbi trusts and cafeteria plans.

Online CLE Pension Plan

Mark WincekPartnerKilpatrick Townsend & Stockton LLP

MARK D. WINCEK is the Senior Partner of the Employee Benefits Practice Group of Kilpatrick Townsend. His practice concentrates on fiduciary matters, qualified plans and executive compensation, and it encompasses counseling, transactions and controversies. Mr. Wincek’s experience includes key roles in a number of well-known pension de-risking annuitization transactions, as well as many smaller annuitization transactions. Mr. Wincek is the author of the chapter on “SERPs and Excess Plans” in the BNA Books Section 409A Handbook, and his list of professional publications includes dozens of articles on compensation and benefits issues. In addition, Mr. Wincek is a former Adjunct Professor of Law at Georgetown University Law Center and a member of the Tax Section of the American Bar Association, where he served as Chairman of the Statutory Welfare Benefits Subcommittee (1986-1990). From 1976 to 1981, Mr. Wincek was on the staff of the U.S. House Ways and Means Committee, serving as Senior Subcommittee Counsel to the Ways and Means Oversight Subcommittee in 1980 and 1981. Mr. Wincek has been listed since 2005 in Chambers USA: America’s Leading Business Lawyers for Employee Benefits & Executive Compensation Law, as a “Leading Individual (Employee Benefits)” and as a member of a highly ranked Washington benefits practice. He also has been listed in The Best Lawyers in America for Employee Benefits Law since 2005, and he is ranked as a “leading expert” in the Legal 500 (Employee Benefits and Executive Compensation). He has been repeatedly listed as a Corporate Counsel “Top Lawyer” and a Washington “Super Lawyer,” and he has been named to Super Lawyer’s list of the top 100 Washington attorneys (without regard to specialty). Based on an independent survey of Fortune 500 companies, Mr. Wincek was named to BTI’s Client Service All-Star Team. Mr. Wincek was recognized by Legal Media Group in its Guides to the World's Leading Labor and Employment Lawyers.

Online CLE Pension Plan

R. Evan Inglis, FSA, CFASenior ActuaryNuveen Investments Inc.

Evan Inglis is a Senior Vice President working in the Institutional Solutions Group of Nuveen Asset Management where he advises on investment strategies for pension plans.  Evan is a thought leader who has worked with wide variety of organizations in the U.S. and around the world.  He has over 30 years of experience working with employee benefit plan financial matters and is a frequent speaker and writer on a wide variety of retirement issues and ideas.   He developed the award-winning “Feel Free” approach to retirement spending.  He has also written early industry papers explaining how to invest pension assets for cash balance plans, for terminating plans and using plan demographic profiles.

Prior to his time at Nuveen, Evan was the chief actuary at Vanguard where he advised pension clients on liability-driven investment strategies and served as a resource for institutional clients on pension and related issues.  Evan spent the first part of his career with Watson Wyatt (now Willis Towers Watson) where he served in various capacities including as lead actuary for the General Motors pension account, Global Director of Quality and as a senior consultant in the Oslo, Norway and Stockholm, Sweden offices. Evan has served as a consultant to the World Bank advising pension regulators in Costa Rica, India and Egypt on actuarial and investment issues.

Evan has served in significant leadership roles within the U.S. actuarial profession.  He is a member of the CSRS Board of Actuaries overseeing the retirement system for federal government employees. He is a member of the American Academy of Actuaries Public Interest Committee and serves on the Pension Practice Council.  He is chairperson for the Continuing Education Committee of the Investment Section of the Society of Actuaries (SOA). Previously, he was a member of the Board of Directors for the SOA and chaired the Pension Finance Task Force, jointly sponsored by the Society and the Academy. Evan is a Fellow of the Society of Actuaries and a CFA Charterholder.

Online CLE Pension Plan

Course Level:
   Intermediate

Advance Preparation:
   Print and review course materials

Method Of Presentation:
   On-demand Webcast

Prerequisite:
   Experience in employee benefits regulations

Course Code:
   147215

NY Category of CLE Credit:
   Areas of Professional Practice

Total Credits:
   1.5 CLE

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About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

About the Knowledge Group

The Knowledge Group

The Knowledge Group has been a leading global provider of Continuing Education (CLE, CPE) for over 13 Years. We produce over 450 LIVE webcasts annually and have a catalog of over 4,000 on-demand courses.

Frost Brown Todd is a full-service law firm serving some of America’s top corporations and emerging companies. With attorneys regularly identified by clients, peers and industry organizations as leaders in their practice areas, the firm advises and protects clients in business transactions and litigation in many industries, including insurance, financial services, manufacturing, real estate, construction, energy and health care. More than 500 attorneys in 12 offices in Indiana, Kentucky, Ohio, Pennsylvania, Tennessee, Texas, Virginia and West Virginia provide unparalleled service to meet clients’ needs; deliver the insights and solutions available only from a diverse group of professionals; and support the communities in which they operate. To learn more, visit www.frostbrowntodd.com

Website: https://www.frostbrowntodd.com/

Kilpatrick Townsend is a leading international law firm with more than 600 attorneys across 19 offices around the world and offers the full range of corporate, intellectual property, and litigation services. Attorneys throughout the firm represent nearly 80 services areas and 30 different industries. Kilpatrick Townsend’s attorneys are fully engaged in the success of the firm’s clients. They deliver results-oriented counsel for corporations at all stages of the growth cycle, from the challenging demands of financial transactions and securities to the disciplines of intellectual property management. A close collaboration between the firm’s practice areas ensures that they are well-positioned to serve all of our clients’ needs.

Website: https://www.kilpatricktownsend.com/

Nuveen, the investment manager of TIAA, brings a legacy of service to our responsibility of managing $967 billion in assets as of March 31, 2018. Operating in 34 countries across the globe, Nuveen's 2,900 professionals serve institutional and individual investors through award-winning capabilities spanning public and private asset classes.

As like-minded partners to advisors and consultants, Nuveen offers a distinct investment approach, delivering capabilities that can help clients solve their challenges and reach their financial goals. Through our affiliates, clients access best-in-class, specialized investors and through our solutions orientation, clients access advice and multi-asset strategies that reach across our entire investment platform.

Website: https://www.nuveen.com

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