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Benefits Management Employers must disclose pension de-risking...

2015-03-11 20:13:12| Paper - Topix.net

In 2012, Verizon purchased a group annuity contract from Prudential to transfer $7.5 billion in pension obligations. Since then, several other major employers, including Bristol-Myers Squibb Co., Kimberly-Clark Corp., Motorola Solutions Inc. and NCR Corp., have "de-risked" their pension plans by shifting billions of dollars in pension plan liabilities to insurers through the purchase of group annuities.

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