Webinar: Attention Defined Benefit Sponsors. What Now? What's Next? By: Sean PattonAIF®, Lawrence PetersEA, AIF®, Mike ClarkFSA, AAA 2020.07.21



2020 has seen a flood of negative events:
• Lower interest rates
• Declining asset values / increasing asset values
• Increased PBGC premiums
• Lower assumed rate of return
• COVID-19 Business Impact
• Cash flow concerns
• Funding & expense volatility
• Decreasing funded status
• Layoffs, furloughs and partial plan terminations.
CFOs and management are asking “What do we do with our Pension Plan?” “How do we develop a plan to respond?” “What are others doing?” Join us for a discussion on Tuesday, July 21st when we will address these and other topics specifically around traditional defined benefit pension plans.
Our panel of experts will include:
Larry Peters, CPA, Enrolled Actuary - Westminster Consulting
Mike Clark, Senior Consulting Actuary - Principal Financial Group
Scott Ruba, Director – Defined Benefit - Principal Financial Group Moderator 
Sean Patton, Partner – Westminster Consulting

Sean D. Patton

Sean is a Founding Partner of Westminster Consulting, where he currently works with corporate, non-profit and foundation clients.

Sean is involved in the local community through his memberships in Rochester Rotary. He is also the Past-President of the Board of Directors for Camp Haccamo, a Rotary...

More about Sean Patton
Lawrence R. Peters

Larry is a Senior Consultant at Westminster Consulting, LLC and is based in Princeton, NJ, Larry leads the Firm’s defined benefit practice. His experience includes plan design and funding, mergers and acquisitions, executive benefits and vendor benchmarking, among others.

Prior to joining Westminster...

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Mike Clark

Mike Clark is a consulting actuary with the Principal Financial Group, leading their defined benefit consulting office in Pittsburgh, PA. Mike has 21 years of experience working with defined benefit plans, and is a frequent speaker and writer on plan sponsor pension issues.

More about Mike Clark
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