AUDIO

Online registration for this event is closed. Walk-in registrations will be accepted.

In August 2006, President George W. Bush signed the Pension Protection Act of 2006 (PPA), legislation intended to improve the funding of defined-benefit pension plans, improve the measurement of assets and liabilities, and require plan sponsors to face stricter requirements regarding their funding targets. The old rules were incredibly complex, but the new rules are best described as complex in new and different ways.

Speakers at this conference will examine the effects of the recent legislative changes. They will also focus on the tools necessary and available for analyzing legislative changes and for analyzing the risks posed by the current system. Those risks affect employees, employers, and--importantly--taxpayers, who insure these plans through the Pension Benefit Guaranty Corporation (PBGC).

Mark Warshawsky, director of retirement research at Watson Wyatt Worldwide, will discuss the changes enacted in PPA and present results from his firm’s proprietary model on the likely effects of the new law on a typical pension plan. David Gustafson, director of policy, research, and analysis at the PBGC, and Alex Brill, a research fellow at AEI, will discuss these results and other approaches for analyzing the consequences of reforms to the defined-benefit pension system.