A pension risk transfer occurs when a company moves their defined benefit pension plans to a life insurer, who takes on the responsibility of providing guaranteed retirement income for participants.

Unlike corporations focused on their areas of business, life insurers are experts at managing long-term financial promises and operate under rigorous state oversight, ensuring no pensioner has lost benefits following a risk transfer for nearly 30 years.

These transfers protect retirees and help American businesses. By removing the financial and administrative burden of managing pensions, businesses can focus on what they do best: running their operations, innovating and growing.

Pension risk transfers are a smart and reliable way to strengthen retirement security for seniors while giving American businesses a competitive edge.