Pension Buyouts: What Can We Learn From the UK Experience?
October 20, 2009
The brief’s key findings are:
- Defined benefit pensions are waning due to financial volatility, regulations, and a changing economy.
- In the UK, pension buyouts – whereby sponsors pay an insurance company to take over plan assets and liabilities – have emerged to help manage the decline.
- In the US, policymakers resist buyouts, as they would prefer to stop the decline of defined benefit plans rather than manage it.
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Citation
Monk, . 2009. "Pension Buyouts: What Can We Learn From the UK Experience?" Issue in Brief 9-21. Chestnut Hill, MA: Center for Retirement Research at Boston College.
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