Displaying 8 results
Schlichter explores pension risk transfer lawsuit against Alcoa
The law firm, which has brought two cases this month over pension risk transfers, is looking for participants and beneficiaries of Alcoa's pension plan.
Companies transferred billions in pension assets to annuities. Here come the lawsuits
The law firm behind one of the cases is well-known for its 401(k) and 403(b) litigation: Schlichter Bogard.
3M to freeze its pension plan
The move follows a significant rise in the funded status of corporate defined-benefit plans.
UAW wants pensions back. Automakers really don’t
Most companies don't offer pensions, and many that once did are transferring the liabilities to insurance companies.
Employers racing to offload pensions to insurers
The trend is a boon for the insurance business, but there are questions about protections for retirees and workers.
Pacific Life to pay $3 million for doing unlicensed business
New York says insurer improperly engaged in pension risk transfer business.
Apollo-backed Athene wins $4.9 billion Lockheed pension deal
Athene will provide benefits to about 18,000 participants in Lockheed’s pension plan. The deal follows a 2018 agreement between the two companies in which Athene assumed $800 million in obligations tied to around 9,000 retirees and beneficiaries of the aerospace giant’s pension plan.
Principal, MetLife assume a $1.2 billion pension obligation
Retirees in the pension plan of Philips North America will receive the same monthly benefit.
