Materion To Purchase Group Annuity Contract For Retiree Pensions
Under the agreement,
“We’re pleased to partner with
The purchase will be funded by existing plan assets, requires no cash contribution, and removes approximately 43% of Materion’s
The purchase of this group annuity contract allows
The annuity purchase will not impact the monthly pension benefits currently being paid to participants. The group annuity contract includes an irrevocable commitment by
View source version on businesswire.com: https://www.businesswire.com/news/home/20181105005463/en/
Investors:
Stephen F. Shamrock, 216-383-4010
[email protected]
or
Media:
[email protected]
https://materion.com
Source:
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