Retirement Jambalaya: Different Strategies for Pension, OPEB, and DC Plans
Headlines about the market impacts caused by COVID-19 tend to focus only on unfunded liabilities when it comes to public employee retirement. But the bigger picture—the factors that could affect employees' retirement readiness and local government finances—is not always obvious. Join this session to learn about the jumble of factors in the ever-changing retirement landscape, including strategies states are employing for defined benefit plans or changes in federal law that impact defined contribution participants.
Senior Vice President, Segal
Ms. Walker is a Senior Vice President in Segal's National Compliance Practice based in the firm's Denver office. She has provided ongoing and special project compliance services for employee benefit plans for 20 years. Her primary area of expertise is with public sector retirement plans, and she serves as a national resource for Segal in this area. Ms. Walker’s specialized expertise includes:
Performing comprehensive compliance reviews for public sector defined benefit and defined contribution plans.
Analyzing, drafting and reviewing governing plan documents such as state/local statutes, administrative rules and policy manuals.
Researching and analyzing statutory, regulatory and agency guidance on tax rules and employee benefit laws.
Providing advice and training on fiduciary rules and plan governance structure.
Consulting with public entities on retiree health plan design and funding options.
Assisting public plans with administrative and operational issues relating to plan design and plan reform.
Ms. Walker is an active member of the National Association of Public Pension Attorneys (NAPPA), where she serves on the Tax & Benefits Committee. She is also a member of the National Association of Government Defined Contribution Administrators (NAGDCA) where she currently serves on the legislative committee.
Ms. Walker frequently authors publications for distribution to Segal’s public sector clients and has written articles for the NAPPA and NAGDCA newsletters. She is also a frequent speaker on public sector benefits issues, including teaching a course on the fundamentals of employee benefit plans for the International Foundation of Employee Benefit Plans and providing regulatory updates at NAGDCA conferences.
Ms. Walker received a BA in Political Science and International Affairs with an area of concentration in the former Soviet Union at the University of Colorado at Boulder and a JD from the University of Colorado School of Law. She is a licensed attorney in the State of Colorado.
Research Manager, National Institute on Retirement Security
Tyler Bond is the research manager for the National Institute on Retirement Security. He works with the executive director to plan all NIRS research products. Since joining NIRS, Bond has co- authored a number of research reports and issue briefs on various topics relating to retirement security. He has also spoken at multiple conferences about NIRS research and has testified before the Oklahoma state legislature.
Previously, Bond spent four years at the National Public Pension Coalition, where he directed the research program and authored six original research reports. He has also held positions on Capitol Hill and at the Center on Budget and Policy Priorities.
Bond holds a B.A. in political science and philosophy from Indiana University and an M.A. in public policy from The George Washington University. He is a member of the National Academy of Social Insurance.
Partner, Pillsbury Winthrop Shaw Pittman LLP
Marcus Wu is the leader of the law firm’s Southern California Executive Compensation and Benefits practice. He represents private and public employers on compensation and benefits matters.
Marcus has extensive experience designing and implementing retirement and deferred compensation plans, including defined-benefit pension plans, 401(k), 403(b) and 457 plans. Marcus also advises employers on designing and implementing equity compensation programs, including omnibus equity-incentive plans, ESPPs, performance share plans, and others. He advises employers on establishing and administering health plans, section 125 cafeteria plans, and severance plans. Marcus is well versed in the federal and state laws governing employee benefit plans, including ERISA and the Internal Revenue Code.