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NBC NEWS Personal Finance: PENSION FUND CRISIS June 14, 2020, 6:08 AM CDT By Gretchen Morgenson

As Insurance Companies Take Over Corporate Pensions, Advocates Are Concerned About Risks To Retirees.

How safe is your pension?

As COVID-19 shutdowns hobble the U.S. economy, the question has taken on more urgency.

While risks associated with underfunded pensions for state and local government employees have been known for years, a new concern has arisen, pension rights advocates say.

It centers on the growing trend of insurance companies taking over pensions for employees of private companies.

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