By Conrad De Aenlle; The New York Times ~ Mar 04, 2016
The hard work and long hours you have put in for your employer may have earned you a decent pension. But it may not be your employer who owes you the money.
Companies eager to limit risk and administrative headaches are turning increasingly to a strategy called a pension buyout that involves outsourcing the job of paying out pensions to an insurance companies. The employer pays an amount that represents the pool of money set aside for pension liabilities, and a fee to the insurer for managing the money and taking on the risk of meeting obligations to the retirees.

