Dear Actuary: What are demographic and longevity risks?
A primer for plan sponsors on demographic and longevity risks and how they affect public pensions.
On May 15, 2020, the House of Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act in response to the COVID-19 pandemic. The HEROES Act currently contains several items for both single employer and multiemployer defined benefit plans. This alert focuses on the multiemployer provisions in Division D of the Act.