2013 ERISA Advisory Council Testimony on Private Sector Pension Plan De-risking and Participant Protections

This document is about MetLife's testimony to the ERISA Advisory Council on private sector pension de-risking activities. MetLife provided an overview of pension risk transfer, including its history, purpose, and the various methods used by plan sponsors such as liability-driven investing, annuity purchases, and lump sum distributions. The testimony also discussed key considerations for plan participants, such as benefit security, lifetime income, and disclosure requirements.