Alcoa further de-risks certain u.s. pension plans through additional annuity contracts

Pittsburgh--(business wire)--alcoa corporation (nyse: aa) today announced the purchase of additional group annuity contracts that will further enhance the company's strong balance sheet, reduce the risk of volatility in pension plans and secure the company's commitments to retirees and beneficiaries. the additional annuity contracts with two subsidiaries of athene holding, ltd. (nyse: ath) will facilitate the transfer of approximately $500 million of pension obligations and related assets assoc
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