Prudential will take over the benefit obligations of 23,000 retirees.
Tag: International Paper
Following the $1.3 billion group annuity purchase of 45,000 International Paper pensions, Prudential’s senior vice president and actuary shows CIO how it’s done.
The move is part of a long-term de-risking program at the company.
Despite fluctuations, the largest pension plans ended 2016 with their funded ratios little changed.