U.S. Steel to Transfer About $284 Million of Pension Obligations
11 Noviembre 2021 - 4:16PM
Noticias Dow Jones
By Josh Beckerman
United States Steel Corp. said it will transfer about $284
million of pension plan obligations via a purchase of annuity
contracts from two units of Legal & General Group PLC.
The purchase results in the transfer of administrative and
benefit-paying responsibilities for about 17,800 U.S. retirees and
beneficiaries.
The steel company said "this transaction is yet another
meaningful step in strengthening the company's balance sheet and
further de-risking our pension plan, a plan that remains more than
100% funded and is an important source of differentiation versus
some peers in the steel industry."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
November 11, 2021 17:01 ET (22:01 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Legal & General (LSE:LGEN)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Legal & General (LSE:LGEN)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024