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Kelly Garfinkle Strategic Restructuring balances employees' need for a secure retirement income with the need of employers to have an affordable and predictable pension cost. We achieve this by crafting creative and practical solutions for our clients. 

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core-valueCore Values

Results Oriented – We deliver the best possible solutions for our clients.
Pragmatic – We identify strategies that are practicable and achievable.
Candid Assessments – We tell the truth, even if it's difficult to hear.
Innovative – We seek creative solutions that provide the best result.
Collegial
– We work with all sides of the table.


expertiseExpertise

Our expertise includes defined benefit pension liability workout for both private and public defined benefit plan sponsors of single, multiple and multi-employer plans.

KGSR advises companies, unions, plans, investors (and their advisors) facing current or future pension challenges or opportunities for change. KGSR provides comprehensive support for pension plan termination, both inside and outside of bankruptcy. We have in-depth knowledge of the Pension Benefit Guaranty Corporation (PBGC), including its Early Warning and 4062(e) programs, Reportable Events and Minimum Funding Waivers.

Background

KGSR-157338 mo

Suzanne Kelly and Mo Garfinkle formed KGSR to respond to the need of employers and employees to resolve the uncertainties surrounding defined benefit pension plans. Interest in these plans began to change during the 1980s and 1990s as business operations became more global and workers became more mobile. In 2006, the Pension Protection Act (PPA) brought increased funding requirements for qualified defined benefit pension plans, unexpectedly shortening the time frame companies had to fully fund their plans. Two years later, in 2008, just as the new rules under PPA were being implemented, the economy crashed, putting all the pieces in place for a perfect storm for defined benefit plans. The Great Recession has kept many plans and their sponsors from recovering. As for the future, multiple uncertainties lie ahead as we slowly crawl out of this Great Recession.

Suzanne Kelly and Mo Garfinkle recognized that these volatile times call for an experienced team who can focus on finding solutions that create certainty for everyone. In 2013, they launched KGSR.

   
 
 
why-are-defined-benefit-pension-plans-an-issue-today-or-what-s-differentWhy are defined benefit pension plans an issue today? Or what’s...
Jul 11, 2013

by Suzanne Kelly            Defined benefit pension plans have been around for a number of decades, and there have always been times in economic cycles when some defined benefit pension plan sponsors have been unable to fulfill their commitments.  Sometimes it was because the sponsor faced a...
new-websiteNew Website
Jun 02, 2013

by Suzanne Kelly, Co-Founder & Principal KGSR Welcome to our new website, Kelly Garfinkle Strategic Restructuring LLC, or KGSR. We are a new boutique firm dedicated to helping all parties find solutions to pension issues that support a secured retirement for employees at a predictable and sustainable cost for employers. The increasing mobility of...


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