[Starwind]

One of the programs my firm offers is a "pension" transfer from a traditional corporate pension (most of whose funds are significantly under funded or broke) to a guranteed pension using life insurance products.

Who pays the 'premium' on a transfered pension? What happened to the prorata share of the pension fund due the employee?

[shawnlaw]

Typically the executive pays his premium unless he is in a position to negotiate payments by the company. The balance of the fund may be transferrable to the new pension plan but that is determined by the rules governing the company pension plan (rollovers, early distributions etc.). As usual, the answer is "it depends."