Defined Benefits Plans: Assessing the Impact of the MAP-21 Act 10 Years Later
1:45 p.m. – 2:45 p.m.
In 2012, President Obama signed the Moving Ahead for Progress in the 21st Century (“MAP-21”) Act, a massive surface transportation bill that raised PBGC premiums and changed defined benefit pension funding rules. What happened to DB plans as a result of the funding rule changes and the significant PBGC premium increases included in MAP-21? And did the governance changes included in the legislation, such as the establishment of a PBGC Participant and Plan Sponsor Advocate, enhance the retirement system? Join our expert panelists in a retrospective of MAP-21 after 10 years.