Raytheon to Transfer Nearly $1 Billion in Pension Liabilities
Insurer Prudential will now carry the retirement obligations of 13,000 Raytheon members and beneficiaries.
Tag: Prudential
Newsmakers
UK Pension Incomes Hit Pre-Recession High
Retirement incomes have surged 30% in the past five years.
The Ins and Outs of Pension Risk Transfers
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.
Ball Transfers Pension Liabilities to Prudential Annuity
Move will reduce the company’s pension obligation by $220 million.
Survey Shows Finance Executives’ Top Reasons for Pension Risk Transfer
72% of respondents likely to transfer additional liabilities in the future.
The Hartford Transfers $1.6 Billion in Pension Liabilities to Annuity
Responsibility of benefits for 16,000 former employees transfers to Prudential.