From the era of guaranteed lifetime pensions to the modern 401(k), pension risk transfers have become the linchpin connecting the past, present and future of retirement benefits – and allows firms to offload the burdensome legacy.
From the era of guaranteed lifetime pensions to the modern 401(k), pension risk transfers have become the linchpin connecting the past, present and future of retirement benefits – and allows firms to offload the burdensome legacy.
The world of retirement benefits has witnessed a profound evolution – from the era of guaranteed lifetime pension plans to the modern 401(k) plans. As workforce needs and economies shift, retirement benefits have followed suit, with the government stepping in to add regulation and protection as it deems necessary. Through this transformation, pivotal tools – like Pension Risk Transfers (PRT) – have helped companies bridge the transition.
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