Prudential signs pension transfer agreement with General Motors Co.
June 01, 2012
SUMMARY:
The Prudential Insurance Company of America, a Prudential Financial, Inc. company, has signed an agreement with General Motors Co. that will allow Prudential to assume certain salaried retiree benefit obligations as part of GM’ s plan to reduce pension obligations by approximately $26 billion. Prudential Financial, Inc., a financial services leader, has...
The full article is available at AnnuityNews.Com.
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