A pension risk transfer (PRT) occurs when a company ends its pension program. Usually in the process it tries to stop paying its existing benefits under pension programs for past and present employees ...
Sponsors of defined-benefit pension plans contemplating taking steps to de-risk their plans should consider recent guidance from the U.S. Department of Labor’s (DOL) Employee Benefits Security ...
O-I Glass Inc., Perrysburg, Ohio, purchased a group annuity contract from an insurance company to transfer about $239 million in U.S. pension plan liabilities. The purchase from the undisclosed ...
The pension risk transfer market continues to show growth, as total U.S. single-premium PRT sales hit $51.8 billion in 2024. That level marks a 14% increase from the prior year’s results and is less ...
The US pension risk transfer (PRT) market is experiencing rapid growth, fueled by regulatory changes, favorable economic conditions, and a heightened focus on reducing financial risks. Key trends ...
Milliman, Inc., a premier global consulting and actuarial firm, today announced the latest results of its Milliman Pension Buyout Index (MPBI). During May, the estimated cost to transfer retiree ...
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