Private Sector Pension De-risking and Participant Protections

This document is about the ERISA Advisory Council's examination of the increased level of activity by defined benefit pension plan sponsors to reduce their risks, in order to assess the potential need for further guidance, clarification, and potential educational opportunities by the Department of Labor. The Council made recommendations in areas such as Interpretive Bulletin 95-1, participant disclosures, fiduciary liability for annuity selection, education and outreach to plan sponsors, and collection of de-risking data.