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Method and system for pension liability defeasance

  • US 20070239579A1
  • Filed: 04/06/2007
  • Published: 10/11/2007
  • Est. Priority Date: 04/06/2006
  • Status: Abandoned Application
First Claim
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1. A method of defeasing the pension liabilities of a business entity as a sponsor of an employee pension plan, comprising:

  • a. determining the value of the existing assets and liabilities associated with a pension plan of a transferor business entity;

    b. transferring the pension plan, with its associated existing assets and liabilities, from the transferor business entity to a transferee business entity;

    c. transferring pension staff employees from the employ of the transferor business entity to the employ of the transferee business entity; and

    d. determining whether any shortfalls exist in existing plan assets transferred relative to existing liabilities transferred, and, to the extent that a shortfall is determined to exist, creating additional liabilities of the transferor business entity and corresponding additional assets for the transferee business entity to cover at least part of said shortfall.

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