The corporate desire to shed pension obligations went into over-drive in 2012 with pension de-risking transactions by Ford, General Motors and Verizon. The pension de-risking trend allowed these corporations to eliminate their obligations to their retirees by billions of dollars. In his column published in the Hanford Sentinel on August 21, 2013 columnist Dennis Beaver answers his reader’s […]
ABC6/Philadelphia’s Nydia Han’s piece entitled “Cautionary Tale About Annuities” aired in the Philadelphia area last night. Han’s piece emphasized the risks associated with annuities and cautioned consumers about “putting all their eggs in one basket”. One Executive Life (ELNY) annuitant was featured in this segment, whose benefits will be cut by 54% sometime in the […]
In an excellent article in Life HealthPro on July 25, 2013 entitled “Another blight on the bruised annuity industry’s reputation – When will the industry clearly explain itself to the public?” life insurance news editor Michael Stanley analogizes the annuity industry’s recent attempts to renege on the generous income and death benefits they promised to the […]
Edward Stone is quoted in this article by Gail Liberman and Alan Lavine that appeared in the Wall Street Journal’s Market Watch on May 17, 2103. ” The article points out that benefit payouts on annuities are guaranteed by state insurance guaranty associations where the coverage limits vary by state from a low of $100,000 […]
A federal court in Dallas, Texas has certified a class action on behalf of Verizon pension beneficiaries, permitting 41,000 retirees to sue as a group over the transfer of their pension benefits to Prudential Insurance Company of America.
© Edward S. Stone 2014-2025.
