Pension regulator zeroes in on defined-benefit plans

The Pension Benefit Guaranty Corp. is becoming more aggressive in preventing companies from escaping financial obligations to defined-benefit plans through the transfer of assets by an investment-grade seller to a noninvestment-grade buyer. The agency is scrutinizing swaps of secured debt for unsecured debt, leveraged buyouts, subsidiary spinoffs and transfers of seriously underfunded pension liabilities before a sale.

View Full Article in:

Pensions & Investments (free access for SmartBrief readers)

Published in Briefs: