Most Americans are not saving enough for retirement.
Disability affects many Americans, but it is not well understood and only 31% of civilian workers have long term disability coverage.
Traditional defined benefit plans usually included some protection so that disability would not destroy retirement plans. In contrast, defined contribution plans have no built-in protection.
This webinar will help us answer this question: How are we helping our clients plan for retirement considering disability risks in an increasingly DC-only world?
Disability, mortality, and other risks continue to exist, yet DC-only retirement environments shift more of the risk to the employee. What should DC-only sponsors be doing now to help their employees manage disability risks and prevent retirement plans for being derailed? What are some of the policy issues related to offering continued contributions to DC plans during disability?
In this one-hour session on disability, you will learn:
- How disability can derail retirement security;
- How DB plans have traditionally provided disability coverage;
- Public awareness of this issue;
- Legal challenges facing employers who want to provide continued retirement savings during disability
- What employers might do in DC plans
- What individuals can do
- Ideas for improving participation in long term disability plans.
Anna Rappaport and David Kaleda co-authored an article on this subject published in May, 2013 for the SOA Pension Section News.
Anna Rappaport, FSA, MAAA, Anna Rappaport Consulting – Post-retirement Needs and Risks Thought Leader
Anna Rappaport, FSA, MAAA, Anna Rappaport Consulting, is an actuary, consultant, author, speaker, and internationally recognized expert on the impact of change on retirement systems and workforce issues.
Anna Rappaport is committed to improving America’s retirement systems, with special focus on women’s retirement security. In her organizational participation, writing and speaking, she brings forward important issues to ensure that decision makers can act on the best available information, strongly driven by facts and thorough analysis.
David Kaleda, Principal at the Groom Law Group
David is a principal at the Groom Law Group Chartered in the Fiduciary Services practice group which is based in Washington D.C. David has extensive experience dealing with the ERISA and tax issues that impact employee benefit plans. During his career, he has written articles and spoken at conferences about a variety of employee benefits-related topics.
Moderator: Betty Meredith, CFA, CFP®, CRC®, Int’l Retirement Resource Center
1 hr CFP®, CRC®, and other CE Credit Reporting
Overall Rating: 4.1 / 5
Retail: $29.00 Add to Cart
Video and audio MP3 formats available
Specifications: 60-minute webinar course
Knowledge Level: 3 – Intermediate
Your satisfaction guaranteed: We know that you will be pleased with your purchase of this product. If, however, you are not completely satisfied notify us within 30 days of your purchase to receive a full refund of your fee, less any CFP® CE reporting fees for courses that were filed prior to membership cancellation.