Brokering a deal

Butler, Kelley M.
November 2007
Employee Benefit News;Nov2007, Vol. 21 Issue 14, p64
The article reports on a proposal by Scott Macey, senior vice president at Aon Consulting, that would allow sponsors of frozen defined benefit (DB) plans to sell them to more financially sound corporations or banks. Brad Klinck, also a senior vice president at Aon, mentions that through a merger and acquisition (M&A) transaction, sponsorship and liabilities of the plan to a well-financed third party could be transferred by employers. Macey noted the interest of U.S. lawmakers in the strategy.


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