Pensions
FirstEnergy Transfers 2,200 Retiree Pensions to Insurers
Legal & General Retirement America and RGA Reinsurance took on $700 million in pension liabilities.
Those stocks, such as Altria and Verizon, carry the top yields, but their flagging prices negate the sweet payouts, according to Bespoke.
The trend is mounting for corporate sponsors to shunt liabilities to insurers. But some don’t want to do that, and others can’t.
Big stock gains seen as wireless providers scramble for valuable new turf, up where the satellites roam.
Tax considerations, rising PBGC premiums drive move, Russell Investments says.
Despite fluctuations, the largest pension plans ended 2016 with their funded ratios little changed.