Expanding on a partnership that goes back decades, Nationwide has announced they will assume liabilities for Pennsylvania Farm Bureau through a pension risk transfer (PRT) transaction for their defined benefit (DB) plan.
“Nationwide has been partnering with state Farm Bureaus since its founding in 1926 and we’ve been a proud sponsor for more than 30 years now,” said Kristen Yost, corporate controller, Pennsylvania Farm Bureau. “They understand the agricultural community based on their shared values with our organization. Their proven track record of strength, stability and risk management, as well as experience in the pension risk transfer space will provide a smooth and stable transition for our defined benefit participants.”
