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American Academy of Actuaries Comment Letter to PBGC on Purchase of Irrevocable Commitments Prior to Initiating a Standard Plan Termination Under ERISA Section 4041 (PDF)
American Academy of Actuaries Link to more items from this source
[Opinion]
Jan. 26, 2010

4 pages. Excerpt: While there are legitimate concerns about such purchases, the Department of Labor (DOL) has taken a position of encouraging annuitization2. Some Members of Congress have also expressed an interest in policies to encourage annuitization3. We believe adopting policies that encourage annuitization by plan sponsors would be consistent with the PBGC's mission to protect workers' retirement income byproviding timely and uninterrupted payment of pension benefits.

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