PRA 2010 provides welcome funding and benefit restriction relief for sponsors of single employer defined benefit plans. As with any new pension legislation, some aspects appear relatively straight-forward while other provisions raise a plethora of questions to (hopefully) be addressed by future regulatory guidance. Our panel of presenters will first cover the basics of the funding relief options, then move on to address issues related to plans with PPA delayed effective dates, the complexities of the “cash flow rule” that may limit the relief available to certain employers, the impact on certain benefit restrictions and the notification requirements for plan sponsors electing relief. The session concludes with a discussion of the consulting considerations for actuaries working with their clients to evaluate the relief options available to them.

Speakers