Former GM pension executive joins Mercer's financial strategies group
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Milla Krasnopolsky, a former General Motors Co. pension executive, has joined Mercer L.L.C. as a senior consultant and lead strategist for dynamic de-risking solutions in its financial strategies group in New York.
Ms. Krasnopolsky, who was managing director of fixed income markets and strategic solutions for the General Motors pension plan, was involved in implementing the automaker's pension de-risking programs.
Under one program, GM offered about 44,000 former salaried employees who retired after Oct. 1, 1997, and before Dec. 1, 2011, the opportunity to convert their monthly annuity into a cash lump-sum payment. About 30% of eligible retirees accepted the offer.
Under another approach, GM purchased a group annuity from Prudential Insurance Co. of America. The annuity replaced benefits that salaried employees who retired before Oct. 1, 1997, received from GM, as well as retirees who declined the lump sum conversion offer.
Ms. Krasnopolsky's “portfolio management experience and the breadth of her fixed income, structured products and derivatives knowledge is ideally suited both to the needs of our advisory clients and to the enhancement of our delegated de-risking solutions,” Richard McEvoy, leader of Mercer's financial strategy group, said in a statement.
