US. Pending DOL Report to Consider Pension Risk Transfer Changes

Report to Congress in clearance process, EBSA chief says DOL weighing in may have chilling effect on risk transfers Large employer pensions looking to offload their funding liabilities through pension risk transfers are anticipating tougher future regulatory scrutiny as the US Labor Department prepares a report for Congress on the $45 billion de-risking market. The Employee Benefits Security Administration’s report appears likely to propose changes to a 1995 interpretive bulletin on pension risk transfers that laid out standards for employers...