Latest 8-K reveals $2.6 billion in LDI transactions.
Firm says market for pension de-risking is expanding at its fastest pace in years.
Prudential will take over the benefit obligations of 23,000 retirees.
Insurer Prudential will now carry the retirement obligations of 13,000 Raytheon members and beneficiaries.
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.
Move will reduce the company’s pension obligation by $220 million.
72% of respondents likely to transfer additional liabilities in the future.
Responsibility of benefits for 16,000 former employees transfers to Prudential.