Bangkok--2 Jun--Standard & Poor's
Date: Wednesday, June 3, 2009
Time: 10:30 a.m. U.S. Eastern Daylight Time
Standard & Poor's will hold a telephone conference call on Wednesday, June 3, 2009 at 10:30 a.m. EDT to provide an in-depth view of pension and other postretirement employee benefit (OPEB) plans. Across the U.S., state and local governments as well as corporations are facing mounting pressure to provide retirement benefits for their workers. And while the leading edge of baby boomers (age 63) is set to retire, America's retirement safety is in poor shape. Moreover, Standard & Poor's currently estimates that corporate pension plans are underfunded by about $308 billion-with other postemployment benefits (OPEBs) underfunded by more than $255 billion. The speakers on the call will include David Wyss, Standard & Poor’s Chief Economist, Howard Silverblatt, Standard & Poor’s Senior Index analyst, and Standard & Poor’s Ratings Services credit analysts Jonathan Nus, Robin Prunty, and David Hitchcock.
Key topics:
- Can corporations and governments sustain their retirement plans and OPEB liabilities?
- How are states governing the financial operations of their OPEB plans? Do we need a more consistent approach?
- Local governments may chart new courses to address rising pension liabilities, such as the use of pension obligation bonds, and have only recently uncovered their true OPEB costs--will they have the resources to pay these large liabilities?
- What is the exposure of U.S. corporate issuers to corporate pension and multi-employer plans?
- How will current underfunding affect future shortages?
After the speakers complete their presentations, they will be available for a question and answer session.
If you have any specific questions that you would like to be addressed on this teleconference, please submit an email to eventsmarketing@standardandpoors.com. All questions should be submitted by Tuesday, June 2, 2009.
This teleconference will be Net-enhanced with accompanying slide presentation and will be followed by an interactive question-and-answer session.
Please note that Standard & Poor's offers all of its broadcast teleconference calls to all interested participants on a complimentary basis.
The call will begin promptly at the time indicated. Please call at least 15 minutes before the scheduled start of the call to complete the pre-call registration process.
Live Dial-in Numbers:
US/All Others Toll: 1-210-234-6980
UK:44-20-7108-6248
Conference ID#: 3918294
Passcode: SANDP
Net Enhanced: This Conference call will allow participants to view a slide presentation by logging into www.mymeetings.com/nc/join. The conference name is PG3918294 Passcode is SANDP. To view the presentations, you must have either Netscape Navigator or Microsoft Internet Explorer version 4.x or later, and your computer must be java enabled.
Replays: Recorded replays of the call are made available about an hour after the call concludes and are available until Wednesday, June 10, 2009. Replay numbers: US/All Others: 1-203-369-0480.
Streaming Audio: The call will also be available live in “listen-only” mode at www.events.standardandpoors.com for listeners with the Real Player? software, sound card, and speakers. The Streaming Audio playback is available until Wednesday, July 1, 2009
If you have any questions about the conference call, please e-mail: eventsmarketing@standardandpoors.com.
Please send any address corrections via e-mail to eventsmarketing@standardandpoors.com.
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Key Contacts:
Americas Media Relations: (1) 212-438-6667
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Americas Customer Service: (1) 212-438-7280
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