NAFCU Services Credit Union Podcasts

As they say, the best laid plans of mice and men often go awry.  Unfortunately, in no area has this been truer than in pension planning, in particular for defined benefit plans. New investment strategies to better manage pension liabilities for defined benefit plans are, now more than ever, weighing heavily on the minds of credit unions. The plunge in equity values, unprecedented high volatility and decline in interest rate yields have affected nearly every facet of retirement planning, and perhaps none more so than that of defined benefits.

In this podcast, we interview two retirement experts on how credit unions can best manage liabilities and volatility for defined benefits.  Hod Caulkins, Senior Vice President and Chief Executive Officer, and Rich Rausser, Vice President of Consulting Services, for Pentegra Retirement Services each hold over 20 years of investment management experience.  Caulkins and Rausser discuss the recent trends in defined benefit plan asset values, the impacts of the Pension Protection Act (PPA) and WRERA, and how credit unions can better mitigate interest rate exposure under PPA as well as better manage pension plan costs and volatility as a whole.

Pentegra Retirement Services is the preferred partner of NAFCU Services Corp. for credit union qualified retirement plan services for 401(k)s and defined benefit plans, which include comprehensive fiduciary protection, and is the only provider to offer 401(k) or pension plans exclusively for community-based financial services firms.

Contact: Mr. Rich Rausser. RRausser@pentegra.com; Web: www.pentegra.com/creditunions, Phone: 800-872-3473 x415.

Interviewer: David C. Frankil, President, NAFCU Services Corporation, 703 522-4770 x226, dfrankil@nafcu.org

Show References: www.pentegra.com/creditunions; www.nafcu.org/pentegra; www.nafcu.org/annual

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