X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

As U.S. companies look more closely at the risks involved in offering defined-benefit pension plans, Prudential Financial says it has pioneered a transaction, called Portfolio Protected Buy-in, that relieves plan sponsors of market risk and mortality risk.

In the first transaction, Hickory Springs Manufacturing Co. transferred $75 million of pension risk to Prudential, which will fund all future pension payments for its plan participants who were retired as of May 1. The assets sit in a separate account at Prudential, which guarantees that it will make all future pension payments for those retirees, no matter what return it realizes on the separate account.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.