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List of Plan Sponsors That Have Transferred Pension Liabilities to Insurance Companies
Pension Rights Center Oct. 13, 2014 "[This article provides] a list of employers that have transferred their pension obligations for certain retirees and former employees to insurance companies by purchasing annuities. (Note: this is not a comprehensive list.... ) This practice differs from a standard termination of a pension plan, because it is done only for a portion of the participants in the plan, not all of them. Like offering lump-sum payouts, annuity transfers are a form of risk-dumping -- a practice that the Pension Rights Center has criticized." |
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