Ken Hoffman and Greg Ossi led a conference call for members of the American Benefits Council, providing an update on current issues for multiemployer (union-sponsored) pension plans, particularly focusing on the exposure drafts issued by the Financial Accounting Standards Board (FASB) that would change the way employers disclose information about their participation in multiemployer plans, the multiemployer funding relief contained in The Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 and the prospects for additional funding relief as well as the potential impact of the Pension Protection Act's sunset provisions.
The American Benefits Council, of which Venable is a member, is widely recognized as the nation's preeminent group focused on employer-sponsored benefit programs.