Multiemployer Pension Plan Provisions of the COVID-19 Stimulus Law: Overview and Implementation Considerations

Slides and audio are now available. To view them, log in to your Academy member account.

ABOUT THIS WEBINAR

The newly enacted American Rescue Plan Act (ARPA) of 2021 contains provisions that will significantly impact multiemployer plans. Most notably, underfunded plans that satisfy certain criteria may be eligible for federal funding. Additionally, the Act provides broadly available funding relief for multiemployer plans. This webinar addressed how these multiemployer plan relief measures might be implemented, discussed the role of federal agencies such as the Pension Benefit Guaranty Corporation and Department of the Treasury in the implementation process, and identified areas where there appears to be a lack of necessary, clear guidance for implementation. A brief review of the current multiemployer plan system and proposed reforms not included in ARPA was also discussed.

SPEAKERS

• Joshua Shapiro, MAAA, FSA, FCA, EA
  Former Vice President, Pension

• Christian Benjaminson, MAAA, FSA, EA
  Chairperson, Multiemployer Plans Committee

• Joe Hicks, MAAA, FCA, EA
  Vice Chairperson, Multiemployer Plans Committee

MODERATOR

• Linda K. Stone, MAAA, FSA
  Senior Pension Fellow, American Academy of Actuaries

CONTINUING EDUCATION AND JBEA CPE CREDIT
The American Academy of Actuaries believes in good faith that attendance at this live webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.8 organized continuing education (CE) credits for attending this live webinar.

We also believe in good faith that Enrolled Actuaries may earn up to 1.8 continuing professional education (CPE) core credits under the Joint Board for the Enrollment of Actuaries (JBEA) rules for attending this live webinar. However, the JBEA ultimately determines what constitutes core, non-core, ethics, or non-ethics continuing education and the number of CPE credit hours allocated to same for Enrolled Actuaries.

Please note recent updates to the process for requesting a Certificate of Attendance that were requested by the JBEA. Make sure to review these changes carefully to ensure you are eligible to request and receive your Certificate of Attendance for any Academy webinar.

• All EAs who want to receive a Certificate of Attendance must be registered either as an individual attendee or listed as part of a group registration and must submit their request within two business days of the event. You are still required to attest to your actual attendance for the full webinar in order to receive full JBEA credit.

QUESTIONS

• Check out the Academy’s frequently asked questions (FAQs) regarding the new webinar signup process, group registration, and more.
• For technical support, please contact BlueSky customer support at 888-705-6002 or support@blueskyelearn.com.
• For other information about this webinar, contact Gwen Pegram at webinarhelp@actuary.org.