Insurance companies are the primary "buyers" of these liabilities. They take the assets and promise to pay retirees for life.
Many large corporations have offloaded their pension obligations to the insurers above or offered cash to employees to exit the plan. Companies that are offering lump-sum pension buyouts companies that buy pensions
: Private equity-backed insurers like Athene have aggressively entered the market, often moving risks to specialized balance sheets. Insurance companies are the primary "buyers" of these
: Frequently involved in multi-billion dollar "lift-outs" where they take over a specific group of retirees from a corporate plan. companies that buy pensions