A pension buyout is the transfer of some or all pension scheme liabilities to an insurance company, usually by paying a premium so that the insurer becomes responsible for the covered benefits. It is used mainly for defined benefit pension schemes as a form of pension risk transfer.
A pension buyout is the transfer of some or all pension scheme liabilities to an insurance company, usually by paying a premium so that the insurer becomes responsible for the covered benefits. It is used mainly for defined benefit pension schemes as a form of pension risk transfer.
Source: Wikipedia "Pension buyout" · CC BY-SA 4.0
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