PT - JOURNAL ARTICLE AU - Amy Kessler AU - William McCloskey AU - Arnaud Bensoussan TI - The Pension Risk Transfer Market at $240 Billion: <em>Innovation, Globalization, and Growth</em> DP - 2015 Sep 21 TA - Special Issues PG - 18--27 VI - 2015 IP - 1 4099 - https://pm-research.com/content/2015/1/18.short 4100 - https://pm-research.com/content/2015/1/18.full AB - This article examines the remarkable growth occurring within the international pension risk transfer marketplace and how hundreds of organizations around the globe are transferring pension risk to insurers and reinsurers. It explores how each of these transactions fulfills and secures the lifetime benefit promise made to plan participants and also achieves corporate finance benefits for the plan sponsors. Pension risk transfer is being employed by corporations of all sizes and industries; is flexible and customizable; and enables those plan sponsors and fiduciaries who proactively manage or transfer pension risk to fund their pension obligations with certainty. Today, with customized solutions readily available, the question is no longer whether or not to reduce pension riskā€”the question has now become, which path will plan sponsors take to a lower-risk future?