Funding Stabilization Update: Moving Ahead for Progress in the 21st Century Act (MAP-21)


Session Handout

Funding Stabilization Update: Moving Ahead for Progress in the 21st Century Act (MAP-21) September 06, 2012 12:30 PM - 1:45 PM

The Conference of Consulting Actuaries and the Society of Actuaries' Pension Section are hosting a special web/audiocast on September 6, 2012 to educate actuaries on the key pension-related provisions of the Moving Ahead for Progress in the 21st Century Act (MAP-21). MAP-21, enacted in July 2012, put into place changes to the single-employer funding and benefits restriction requirements and increases in PBGC premiums for both single-employer and multiemployer plans.

Plan sponsors and pension actuaries have been anxiously awaiting regulatory guidance from Treasury and the Internal Revenue Service to enable plans to take advantage of the temporary reductions in contribution levels and improved funded status that the MAP-21 interest rate stabilization provisions can potentially provide for 2012 and later plan years. In the meantime, it is imperative that actuaries understand the MAP-21 changes to the determination of interest rates used to determine funding target liabilities and how those changes might affect contribution requirements and benefit restrictions. Join our panel of experts who share their understanding of the funding, benefit restriction and PBGC premium changes enacted by MAP-21 and the issues that the profession is hoping to see addressed in regulatory guidance.

If regulatory guidance has been issued prior to the web/audiocast, we expect to have IRS participation for this session and the focus will shift to the guidance provided and its implications as well as any remaining unanswered questions.

Session Category: Employee Benefits - New Rulings/Development
Credits: EA Core: 1.50 CPD: 1.50
  • 1 . Ellen L. Kleinstuber Bolton Partners, Inc.
  • 2 . Bruce Cadenhead Mercer
  • 3 . Eric A. Keener Aon