Annuity buyout – Benefits Canada.com https://uat-cumulus.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 16 Jan 2025 20:41:36 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Looking under the hood of jumbo transactions https://uat-cumulus.benefitscanada.com/news/cir-news-news/expert-panel-looking-under-the-hood-of-jumbo-transactions/ Tue, 11 May 2021 13:53:25 +0000 https://www.benefitscanada.com/?p=100129 The recent announcement that General Motors of Canada Co. purchased $1.8 billion of annuities for its salaried pension plan is creating a lot of excitement. GM Canada joins a growing list of plan sponsors who’ve purchased sizeable annuities in the last few years: Stelco Inc. ($885 million), Alcoa Corp. ($750 million), Rio Tinto Group ($560 […]

The post Looking under the hood of jumbo transactions appeared first on Benefits Canada.com.

]]> GM Canada transferring $1.8BN in pension liabilities via group annuity buyout https://uat-cumulus.benefitscanada.com/news/bencan/gm-canada-transferring-1-8b-in-pension-liabilities-via-group-annuity-buyout/ Thu, 08 Apr 2021 13:00:03 +0000 https://www.benefitscanada.com/?p=98031 General Motors of Canada Co. is transferring the longevity risk for $1.8 billion in pension plan liabilities through a group annuity buyout. Jennifer Wright, director of communications at GM Canada, said in a statement that the automaker has been taking steps to reduce risk and strengthen its retirement plans with a view to protecting the […]

The post GM Canada transferring $1.8BN in pension liabilities via group annuity buyout appeared first on Benefits Canada.com.

]]>