EPIC Retirement Plan Services
Loren D. Stark Company
Randall & Hurley, Inc.
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|Competitive Pricing Rate for Pension Risk Transfer Costs Remains Level in August|
Sept. 16, 2021
"During August, the average estimated cost to transfer retiree pension risk to an insurer remained nearly level, decreasing from 102.3% of a plan's total liabilities to 102.2% of those liabilities. This means the average estimated retiree PRT cost for the month is now 2.2% more than those plans' retiree accumulated benefit obligation (ABO). Meanwhile annuity purchase costs reflecting competition amongst insurers also stayed flat, at 100.1% for August."
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