The aerospace giant will transfer liabilities to the insurer, roughly 20,000 retirees and current workers.
Equity holdings fall by 22% in 20 years as pensions turn to alts in search of alpha.
Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
The total deficit for the plans is nearly halved as the funded ratio climbs to 98%.
Record-low rates negate plans’ 15.66% investment return for the year.