
Pensions
IBM De-Risks $16 Billion in Pension Obligations
Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.
Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.
Thanks to surging bond yields, the aggregate funded ratio of the PPF 7800 rose to 120.1% in June, up from 106.5% a year ago.
Increasing funding levels are expected to spur another big year for pension risk transfers.
Sporting good returns, Lockheed Martin’s investment chief prepped at State Street and General Electric.