International Paper Transfers $1.3 Billion in Pension Liabilities via Group Annuity with Prudential

Posted on 10/03/2017


Memphis, Tennessee-based International Paper Company has announced the transfer of approximately US$ 1.3 billion in U.S. pension plan liabilities through a group annuity contract with Prudential Insurance Company of America, Inc., effective October 3, 2017. Prudential will assume benefit payments at the end of 2017 for nearly 45,000 International Paper retirees and beneficiaries who receive […]