Viewpoints by Andre Stuart, ASA, EA, MAA, at John Hancock Retirement
In this role, Andre advises plan sponsors on all aspects of their defined benefit plans, including those related to financing, risk, plan design, and administration. He joined our organization in 2009, and has more than 20 years’ experience in the actuarial field. Previously, Andre was a consulting actuary with Mercer. He earned a B.A. in Economics and a B.S. in Mathematics from Binghamton University, and is both an Associate of the Society of Actuaries and an enrolled actuary. Outside of work, Andre enjoys golf, traveling, and spending time with family.
On March 11, President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law. Two provisions of the stimulus package are a welcome followup to previous pension plan legislation, as they’re intended to stabilize single-employer pension plan funding. Defined benefit (DB) plan sponsors should understand how these changes will lower and smooth out their plans minimum required contributions.Read more
Find out about the advantages and responsibilities associated with sponsoring a defined benefit pension plan.Read more
The CARES Act addresses the cash liquidity concerns of defined benefit plan sponsors by temporarily loosening funding rules. Here’s a look at the two specific pension provisions.Read more