Single Premium Pension Buy-Out Sales Exceed $8.2 Billion
This is more than double the sales in the second quarter of 2017.
Tag: pension risk transfers
Prudential and Raytheon Announce Pension Risk Transfer Deal
Raytheon is the latest large employer to enter into a group annuity transaction, transferring nearly $1 billion in benefit obligations to Prudential.
MetLife Faces Court Challenges for Pension Risk Transfer and Beneficiary Practices
According to the text of the complaint, the action seeks to hold MetLife accountable for the company’s conversion of more than $500 million in annuitized retirement benefits, interest,...
Tax Law Prompts DB Plans to Boost Funding
They have until mid-September to deduct pension plan contributions at the rate of 35%; after that, the lower 21% rate kicks in.
MetLife to Take On Pension Benefits for FedEx Retirees and Beneficiaries
Approximately 41,000 FedEx retirees and beneficiaries in defined benefit pension plans will receive annuity benefits.
Corporate and Public DB Plans Focusing on Different Outcomes
A study finds most corporate pensions are winding down, while public defined benefit plans are trying to get stronger—paths that will require some common and some different strategies.