COVID-19? Ask an Actuary

Pensions & Other Employee Benefits

[pending — given my continuing interest in my decades-long project studying pension plans and retiree health programs, inevitably I will be studying the effect of the COVID-19 pandemic on employer-sponsored benefit programs]

Defined Benefit Pension Plans

Preliminary Note — As I’ve studied and noted elsewhere, 2019 was pretty much a breakeven year for defined benefit pension plans sponsored by private U.S. corporations: pension asset gains boosted by strong market returns were largely offset by increases in pension liabilities due to lower interest rates. For pension plans, the first quarter of 2020 may have been the worst ever: market losses have been compounded by even lower interest rates. Estimates (and eventually, reports) forthcoming here ….

401(k) Plans and Other Profit-Sharing Plans

Black-Out Periods

Employer-Sponsored Health Insurance

Disclaimer — Any analysis, comment, conclusions or other content herein is completely of a personal nature intended for the private use of the author. It should not be represented nor used as actuarial or other professional advice. Links to other websites do not connote endorsement of the content of those sources.

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