Updating mortality tables can impact the optics of a buy-out from a plan sponsor's perspective.
Kimberly-Clark Corporation announced its purchase of group annuity contracts from The Prudential Insurance Company of America and Massachusetts Mutual Life Insurance Company that will reduce the company’s pension liabilities by approximately $2.5 billion.
The Timken Company chose Prudential to provide future benefit payments to approximately 5,000 retirees and surviving beneficiaries in a new pension risk transfer transaction.
Over 5,700 pension risk transfer clients look to Prudential to provide retirement security for more than 1.6 million people. Our foremost objective has always been to help institutions and individuals achieve financial security and peace of mind.
From the Cleveland Public Library pension risk transfer agreement in 1928, to the $34.4 billion in DB plan liabilities transferred to Prudential in 2014, plan sponsors have been turning to Prudential for innovative risk transfer solutions for over 85 years.Learn more about our history
When you choose to transfer your pension risk with Prudential, you're choosing a partner. We work with you to understand the unique nature of your pension, participants, and priorities in relation to your balance sheet and core business. We can develop a solution to meet your specific challenges.Learn more about our solutions
Browse our complete library of pension risk transfer and longevity reinsurance resources and thought leadership.
Awareness of pension risk is increasing, yet the number of large companies implementing risk transfer solutions remains modest. Contributing to this hesitancy are five key misconceptions impeding sponsors from divesting pension obligations. This paper explores these myths in detail, demonstrates why they are false, and provides clarity around each.View More About The Five Myths Holding Back Plan Sponsors: Reducing Pension Risk
With the increase in life expectancy intensifying the pressure on global defined benefit pension plans, plan sponsors must now bear the burden of managing longevity risk while still providing employees with retirement security. This article explores the cause and effect of improving mortality and its significant impact on pension plans.View More About Life, Death & the Numbers
Improved market conditions and funded status levels have created attractive—yet potentially fleeting—opportunities for pension de-risking. Waiting for additional advancements in funded status is a flawed strategy, as sponsors aren’t compensated for bearing this risk. For firms with well-funded plans, the time to prepare to transfer risk is now.View More About Is Now the Right Time to De-Risk?
Risk transfer agreements enable plan sponsors to mitigate or remove risk from their pension plans. Accomplishing a transaction can be a straightforward experience by following a structured process and partnering with an experienced insurer. This paper outlines the steps involved in the most comprehensive form of risk transfer: the buy-out.View More About Preparing for Pension Risk Transfer Webinar