|Friday, May 18, 10:30-11:45||view all sessions this time|
|Asset Management||view all sessions this track|
|108-Getting Your DB Plan Out of Neutral|
|Many defined benefit plans have made little progress toward improving their funded status over the past decade. Even if rates spike and markets improve, many companies are not prepared to act accordingly and are unlikely to understand the compliance hurdles of the termination process. This session introduces the best practices from an actuarial, asset allocation and legal standpoint that companies can use to move their plans toward ongoing sufficiency with certainty - and eventual termination.
|Understand what economic trends or events from recent history contributed to the funded status dilemma most defined benefit plans face today and learn how to take advantage of future events if prepared accordingly.|
|Change your perspective of how you view your defined benefit plan liabilities - as a collateralized debt obligation of the corporation which needs to be managed within an enterprise risk framework.|
|Start your way toward developing a game plan for greater certainty on the road toward eventual plan termination while knowing what to look out for along the way.|
Gould, FSA, P-Solve Cassidy
Steve is a consulting actuary with P-Solve Cassidy, supporting their efforts in pension finance and enterprise risk management. Steve brings his vast experience after a 30-year career at Towers Watson as a global consulting actuary. Within the Global Consulting Group, he was the lead expert on pension risk management and advised multinational companies and plan trustees in numerous countries including the U.S., Canada, U.K., Netherlands and Switzerland. In prior roles he worked with many colleges and universities assisting in the design and implementation of their defined benefit and 403(b) retirement programs. Steve is a graduate of the Massachusetts Institute of Technology. Steve’s professional designations include Fellow of the Society of Actuaries (FSA), Chartered Financial Analyst (CFA) charterholder, and Enrolled Actuary (EA).
Ryan holds an M.B.A. from the University of Chicago Booth School of Business and a B.A. (Plan II Honors) from the University of Texas at Austin.