PRT – Pension Risk Transfer

  • AAA (American Academy of Actuaries) –
    • 2016 – AAA – Issue Brief: Pension Risk Transfer- [link] — 12p
  • ACLI (American Council of Life Insurers) –
    • Pension De-Risking – [link]
  • MetLife –
    • 2022 – MetLife – 2022 Pension Risk Transfer Poll – [link] – 10p
  • NAIC – CIPR – Pension Risk Transfer (PRT) – [link]
  • NOLHGA
    • 2016 – NOLHGA – NOLHGA Report Comparing The Federal Pension System and the State Insurance System – 68p
  • Removing Pension Assets: Risks to Retirees and the Federal Pension Insurance Program – 
  • Senate –
  • SOA (Society of Actuaries) –
    • 2014 – SOA / Deloitte – Pension Risk Transfer Evaluating Impact and Barriers for De-Risking Strategies, 2014-pension-risk-transfer-study – Society of Actuaries – 61p
    • 2021 – SOA – Pension Risk Transfer: Evaluating Impact and Barriers for De-Risking Strategies, 2021-pension-risk-transfer – Society of Actuaries – 64p
  • 2018 0129 – WSJ – MetLife Says Pension Shortfall Will Prompt Financial Revisions: Insurer expects to increase its reserves by more than $500 million to deal with overdue benefits, By Leslie Scism  – [link]
  • 2018 0508 – WSJ – MetLife Will Take Over Pensions for 41,000 FedEx Retirees With about $6 billion in pension payments, deal is one of biggest for U.S. life insurers in recent years, By Leslie Scism – [link]
  • 2022 08/09 – naic.org///national_meeting/Minutes-FSTF.pdf – 44p
    • 12. Pension Risk Transfer (PRT) Business Supported by Complex Investments
      • 2016 – NOLHGA – State Guaranty Funds Compared to Pension Benefit Guaranty Corporation (PBGC) Protection – National Organization of Life and Health Insurance Guaranty Associations –  68p
        o No further action was deemed necessary
  • 2018 1231 – Metropolitan Life Insurance Company, Form 10-K, For the fiscal year ended December 31, 2018 – sec.gov/Archives/edgar/data/937834/000093783419000006/mlic-12312018x10k.htm
    • Revenues derived from FedEx Corporation were $6.0 billion for the year ended December 31, 2018, which represented 20% of consolidated premiums, universal life and investment-type product policy fees and other revenues.
    • The revenue was from a single premium received for a pension risk transfer. 
  • Athene
    • Lockheed
  • MetLife
  • Pacific Life
  • Prudential
    • General Motors – 25 Billion
    • Verizon