Institutional Longevity

Pension risk transfer and other longevity management solutions

Pension risk transfer and meeting longevity management needs

Several years of low interest rates and a volatile market have made it more difficult for institutions to keep their defined benefit pension plans properly funded. In addition, the Pension Benefit Guaranty Corporation (PBGC) has significantly increased its premiums during a climate of growing regulatory issues and changing actuarial tables. All these factors have made pension plans more expensive and burdensome.

A growing number of institutions are looking to transfer all or a portion of their pension risk to remove this long-term liability from their balance sheet and reduce the volatility of the plan’s funded status, while meeting commitments to their former employees.

MassMutual’s institutional longevity team of professionals has an average tenure of 15 years and more than 30 years of experience helping institutions assess, mitigate, and transfer risk. We deliver a consultative, client-focused approach to transfer pension risks and manage your longevity exposure.

Reduce Risk

With a proper pension buyout strategy in place, you may be able to reduce your organization’s risk by transferring the uncertainties that are associated with plan assets and liabilities. MassMutual provides solutions that can deliver risk transference for your pension plan.

Eliminate Accounting and Funding Volatility

Regulatory environments, asset performance and longer expected lifespans can all impact your plan’s — and in turn your organization’s — financials. Through the purchase of a pension buyout annuity, you can help remove this volatility from your balance sheet and income statement.

Lower Corporate Expenses

Customized Solutions and Administrative Services

MassMutual can help you deliver on certain commitments to your participants while helping to reduce your organization’s economic and operational exposure.

Our solution includes a single premium annuity contract with an irrevocable commitment to provide the benefits purchased, the ability to fund annuity purchase through a transfer of assets in kind, and benefit payment streams to participants (or beneficiaries) through the issuance of annuity certificates from MassMutual.

We also provide full administrative services and communications.

Source: 2020 P&I Pension Risk Strategies Conference,

A Market Leader

  • $12B

    in assets managed for over 250,000 annuitants

  • $900M

    in benefit payments paid annually

  • 50+

    pension risk transfer specialists

  • Large plan expertise for all plan sizes

Information as of 12/31/2019

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