The Knowledge Group Has Scheduled a Live Webcast on Latest Class Action Wave: Reasonability of Actuarial Factors in Pension Plans
The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Latest Class Action Wave: Reasonability of Actuarial Factors in Pension Plans. This one and half hours event is scheduled on Thursday, May 30, 2019 at 12:00 PM - 1:30 PM ET.
- (1888PressRelease) May 21, 2019 - The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Latest Class Action Wave: Reasonability of Actuarial Factors in Pension Plans. This one and half hours event is scheduled on Thursday, May 30, 2019 at 12:00 PM - 1:30 PM ET.
Event Synopsis:
In recent months, we have seen a new wave of ERISA class action litigation challenging the reasonableness of actuarial factors used in pension plans. A group of class action complaints have been filed against traditional pension designs. These complaints allege the plans are using out-of-date mortality tables and interest assumptions to calculate optional forms of annuity and to reduce annuities for early commencement. As a result, the suits claim that annuities paid to participants under these plans are subject to excessive actuarial reductions, improperly denying participants their full vested benefits. The plaintiffs seek reformation of the plans’ terms, which is allegedly necessary to bring them into compliance with ERISA, recovery of past underpayments and resulting future increases in benefits.
In this 90-minute LIVE Webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will discuss the implications of the cases that have been filed, the prospects for additional similar suits, prior case law regarding the reasonableness of actuarial factors, the magnitude of risk that the suits present, and the steps that plan sponsors should be taking now.
Key topics include:
• Plans that are affected
• The actuarial factors and actuarial adjustments that have given rise to the complaints
• The legal basis for evaluating the reasonableness of actuarial factors
• How much deviation from current, “standard” actuarial factors is permissible?
• Is it time to update your actuarial factors?
• Is it sufficient to update factors prospectively?
• The impact of Section 411(d)(6)’s anti-cutback protection
• Statutes of limitation and plan-specified limitation periods
• The applicability of the continuing violation theory
• Other key defenses
Speakers/Faculty Panel
Mark D. Wincek
Partner
Kilpatrick Townsend & Stockton LLP
Miguel Eaton
Partner
Jones Day
Scott Hittner
Partner
October Three Consulting
For an updated list of the faculty panel, please visit:
https://www.theknowledgegroup.org/webcasts/latest-class-action-wave/
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.
Visit http://theknowledgegroup.org/ for further information and inquiry.
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