Tip:
Highlight text to annotate it
X
The volatility around pension plans
is greater now than it's ever been.
For many companies
their focus has changed
from their core business
to the pension plan
being able to make good
on that pension promise
is important to not only
to the people
who are served
by the pension plan
but also to the company itself.
When there is certainty and confidence
around a pension plan,
companies can focus
on their core business.
Prudential just completed
the nation's first pension buy in transaction.
A pension buy in
is guaranteed to meet.
Exactly the cash flows
that the plan sponsor needs
to meet its obligations
to its participants.
But at the same time
it's a pension asset
so that means that
it's part of a working vibrant pension.
It's an incredibly innovative idea
that allows plan sponsors to derisk
so they can have
an easier time of honoring their guarantees.
Knowing that they're doing
right by their employees.