Jenner & Block

Client Advisory: How the Market Meltdown May Affect Your Pension Plan (and Your Company)

In this client advisory, Partner Matthew J. Renaud and Associate Julie A. Wenell discuss the effect the current financial crisis is having on defined benefit pension plans and key issues for plan sponsors to take into consideration, including: the effects of the Pension Protection Act of 2006 ("PPA") on underfunded pension plans, restrictions on "funding" nonqualified deferred compensation, loan covenants, issues related to reductions in force and investment fiduciary best practices.