With the COVID-19 pandemic wreaking havoc in capital markets, pension plan sponsors are faced with critical investment and management challenges, involving multiple stakeholders and extending beyond the pension itself. Working in partnership with clients, we have found that four key issues are common among single-employer plans in particular.
Issuing benefit payments on time is top of mind for every plan sponsor, but liquidity is also critical for risk management, particularly for asset class re-balancing and private investment capital calls.
Plan sponsors should first determine whether to reconsider their contribution plan for 2020, including potentially deferring remaining 2020 minimum required contributions until January 1, 2021, as permitted by the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Download the following whitepaper to learn more about protecting your business amid struggling markets in 2020.