Verizon Communications management retirees ... IB 95-1 is the U.S. Department of Labor’s Employee Benefits Security Administration guidance related to the fiduciary standards of pension risk ...

to “each irrevocably guarantee and assume 50% of the benefit obligation to the retirees,” according to a press release. The companies would manage the pensions of 56,000 Verizon retirees and ...

In February 2024, Verizon inked the $5.9 billion pension risk transfer (PRT) deal for Prudential and RGA Reinsurance Co. to “each irrevocably guarantee and assume 50 percent of the benefit obligation ...

A $5.9 billion pension liabilities transfer Verizon made last year to Prudential and RGA is at the center of the latest ...

A group of ex-Verizon employees ... of 56,000 Verizon retirees and their beneficiaries. Prudential and RGA agreed to “irrevocably guarantee and assume 50% of the benefit obligation to the ...

Effective January 1, 2025, Michigan Tech's retiree health insurance, for those ages 65 years and over, will be transitioning to a fully insured group Medicare Advantage Part D plan offered via a ...

and Reinsurance Group of America Inc. The transactions, which closed in March 2024, transferred the payment of benefits for 56,000 retirees. For more stories like this, sign up for the PLANADVISERdash ...

Trending Now: 5 Signs Boomers Have Enough Savings To Last in Retirement The SSA does not track average benefits by income group. However, the Center on Budget and Policy Priorities conducted an ...

This suit — brought by participant-plaintiffs Maureen Dempsey, Heinz E. Schlenkermann, and Chris Shelton[i] on behalf of some 56,000 Verizon Communications Inc. retirees who formerly participated in ...

AT&T Inc. Dep. Pfd. (Rep. 1/1000th 4.75% Pfd. Series C)-1.30% AT&T Inc. Dep. Pfd. (Rep. 1/1000th 5% Perp. Pfd. Series A)-2.01% ...