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Brown Cafe UPS Forum
UPS Partners
Management Pension Buyout
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<blockquote data-quote="Bamboozled" data-source="post: 4062223" data-attributes="member: 46335"><p>It looks like the new buzz word amongst large Share Holders these days is "De-Risking" their companies from their pension responsibilities.</p><p></p><p>After reading several articles it looks like the playbook goes like this:</p><p></p><p>1. End Pension contributions.</p><p></p><p>2. Offer reduced buyouts</p><p></p><p>3. Take the remaining pension responsibility problem and transfer the funds to an annuity insurance company.</p><p></p><p>4. This company will distribute the monthly checks but is no longer insured. However the recipients can go after the company if the annuity goes under. But pensioners can’t go after the company if it has been sold or "transformed".</p><p></p><p>So maybe they will de-risk the pension and Transform the company from UPS to UBS.....</p></blockquote><p></p>
[QUOTE="Bamboozled, post: 4062223, member: 46335"] It looks like the new buzz word amongst large Share Holders these days is "De-Risking" their companies from their pension responsibilities. After reading several articles it looks like the playbook goes like this: 1. End Pension contributions. 2. Offer reduced buyouts 3. Take the remaining pension responsibility problem and transfer the funds to an annuity insurance company. 4. This company will distribute the monthly checks but is no longer insured. However the recipients can go after the company if the annuity goes under. But pensioners can’t go after the company if it has been sold or "transformed". So maybe they will de-risk the pension and Transform the company from UPS to UBS..... [/QUOTE]
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