Tag: Defined benefit

Verizon Signs Partial Pension Buyout Deal

 The Prudential Insurance Company of America has signed an agreement with Verizon Communications Inc. to transfer approximately $7.5 billion of the Verizon Management Pension Plan obligations to Prudential....

PRC Keeping List of Lump Sum Offerings

The Pension Rights Center (PRC) has published on its website a list of companies that have offered lump sum pension buyouts to certain retirees and former employees.