News Room: Economic Relief Media Kit
Pension plan funding
Market declines are creating major funding shortfalls for employers who sponsor defined benefit pension plans. Losses could trigger benefit freezes and force employers to make large contributions at a time when credit has never been tighter. Congress has been asked to provide temporary relief. What can employers do right now to plan for funding shortfalls? How might current events shape the future of the pension plan?
Sources: Chris Mayer, vice president, is an expert on defined benefit plan funding and design, annuities and retirement income planning.
Rick Lawson, vice president, Federal Government Relations, has nearly 30 years experience in pension law and pension reform on Capital Hill, including serving as U.S. Senate Labor Counsel and holding executive positions in the pension industry.
Contact: Terri Hale 515.283.8858; 515.681.7320 (cell); hale.terri@principal.com
