October Three Consulting, LLC

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This conversation between John Lowell from October Three Consulting and Jeffrey Snyder from Broadcast Retirement Network explores an important topic: a more equitable approach for HR/employee benefit leaders to offer retirement security to all employees.

#BRNAM #1244 | Is there a resurgence of DB pension plans? #1244 | Is there a resurgence of DB pension plans? | John Lowell, October Three Consulting | : broadcastretirementnetwork.com or your ...

Job hopping, lack of advancement opportunities, and the financial pressures of retirement are all challenges organizations face in today's competitive talent market. Explore how plans can help attract and retain skilled employees, driving workforce success. 🚀 bit.ly/3q5uXIO

Could a return to pensions solve the impending retirement crisis? John Lowell, partner at October Three benefit and retirement consultancy, outlines his vision for the retirement plan of the future.

On July 8, 2022, a three-judge panel of the DC Circuit Court of Appeals reversed the decision of a lower court in United Mine Workers of America 1974 Pension Plan v. Energy West Mining Company, ordering that the discount rate used to calculate multiemployer pension plan withdrawal liability must be similar to the discount rate the Enrolled Actuary uses in performing funding calculations for the plan. In doing so, the DC Circuit joins the Sixth Circuit (see our article Multiemployer plan withdrawal liability: Sixth Circuit strikes down “Segal Blend”) in coming to this conclusion. This is welcome news for contributing employers that withdraw from multiemployer pension plans.

Multiemployer Plan Withdrawal Liability: DC Circuit Says Discount Rate Used for Withdrawal Liability Must be Similar to Discount Rate Used for Funding - October Three Multiemployer Plan Withdrawal Liability: DC Circuit Says Discount Rate Used for Withdrawal Liability Must be Similar to Discount Rate Used for Funding

On April 28, 2022, the IRS published proposed regulations/mortality tables for determining the present value of benefits under defined benefit plans for purposes of determining the plan’s ERISA minimum funding requirements, Pension Benefit Guaranty Corporation variable-rate premiums, and lump-sum valuations. Read our newest update to learn more:

IRS proposes new regulations/mortality tables for DB valuations - October Three IRS proposes new regulations/mortality tables for DB valuations

On May 5, 2022, Senator Tuberville introduced the “Financial Freedom Act of 2022.” The bill would push back on recent positions the Department of Labor has taken with respect to, e.g., “climate related financial risk,” private equity, and cryptocurrency investments, particularly in participant directed defined contribution plans. Read our newest article to learn more.

Senator Tuberville introduces Financial Freedom Act - October Three Senator Tuberville introduces Financial Freedom Act

Stock markets tumbled in April, but sharply higher interest rates offset most or all of the impact for pension sponsors. Read our finance update to learn more!

April 2022 Pension Finance Update - October Three April 2022 Pension Finance Update

The House Education and Labor Committee approved the Protecting America’s Retirement Security Act (PARSA). The bill now goes to the House floor for consideration- Here is what you should know:

House Education and Labor Committee approves Protecting America’s Retirement Security Act - October Three House Education and Labor Committee approves Protecting America’s Retirement Security Act

Despite generally weak asset performance during the first quarter of 2022, rising on high-quality corporate bonds have made this a stellar period for finance. This update outlines the gains made by the two model plans we follow. Read the update now! 💡

March 2022 Pension Finance Update - October Three Pensions enjoyed a strong month in March, due to higher stock markets and higher interest rates. Both model plans we track(1) gained ground last month, with Plan A adding almost 3%, ending the quarter up 4%-5%, while the more conservative Plan B gained 1% last month and is now up almost 1% through t...

This article provides our analysis of de-risking: how changes in interest rates and premiums may affect plan decisions to de-risk (or not de-risk) defined benefit plan liabilities in 2022.

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