Tag Archive for Blackstone

Big Money – Frederick J. Sheehan

The difficulty of institutions that need cash for payment have grown acute during the chalk-brained professors’ zero-interest-rate pogrom. Insurance companies are one victim, pension plans another. Looking specifically at defined-benefit pension plans, the plan sponsor (corporation, maybe, or municipality) is obligated to pay current and future retirees a specific dollar amount from now until a spouses’ death.