LP profile · Pension fund
Memorial Sloan-Kettering Cancer Center Pension Plan
Memorial Sloan-Kettering Cancer Center Pension Plan is a pension fund headquartered in United States (North America). Ranked #127 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Memorial Sloan Kettering Cancer Center Pension Plan is a defined benefit pension plan established to provide retirement income for the employees of the Memorial Sloan Kettering Cancer Center.
- While the associated Retirement Savings Plan has existed since 1947, the Pension Plan in its current form was established more recently.
Source of Capital
- The plan's capital is sourced from contributions made by Memorial Sloan Kettering Cancer Center on behalf of its employees, as well as from investment returns on the plan's assets.
- It is a non-contributory plan for the basic pension benefit, meaning the hospital funds it without employee contributions for that portion.
Major Events
- In July 2021, the U.S. Department of Labor proposed an exemption that would permit the pension plan to use a captive insurance company owned by the Memorial Sloan Kettering Cancer Center to reinsure annuity benefits, a practice known as "de-risking."
Allocation Strategy
- No information available.
Sources
- https://www.myplaniq.com/invest/planinfo/memorial-sloan-kettering-cancer-center-pension-plan/
- https://www.groom.com/resources/dol-proposes-exemption-for-pension-de-risking-with-captive-insurer/
- https://mskbenefits-qf.s3-us-east-2.amazonaws.com/2020-2021-MSK-Pension-Plan-SPD.pdf
- https://www.myplaniq.com/invest/planinfo/memorial-sloan-kettering-cancer-center-retirement-savings-plan/