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PBGC Study: Risk Transfer Activity Significant; Over One Million People Affected
Pension Benefit Guaranty Corporation [PBGC]Link to more items from this source
Dec. 10, 2015

"PBGC actuaries completed a study of risk transfer events (RTEs) in pension plans.... The study looked at about 3,600 larger plans. Of those plans, over 500 had RTEs during the five year period.... [M]ore than one million participants left the plans as a result of the events. Almost 400 of the events involved lump sum payments; the remaining involved annuity purchases to replace the company pension." [Detailed results are in 27 presentation slides (PDF).]

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