Lambert, Thomas; Tobe, Christopher - 2024
called annuities. Of the remaining solid defined benefit plans many, through a process called Pension Risk Transfer are being … converted to high-risk single entity annuities. Such products have been sold to employers and employees as “safe” and … products are exposed to systemic risk that could lead to a bust in the pensions of many retirees and soon-to-be retirees. The …