Ati reduces u.s. defined benefit pension obligation by approximately 85% through annuitization

Dallas , oct. 18, 2023 /prnewswire/ -- ati inc. (nyse: ati) announced that it will purchase group annuity contracts from athene annuity and life company and athene annuity & life assurance company of new york (collectively, "athene"), transferring approximately 85% of its u.s. qualified defined benefit pension plan obligations to athene. the u.s. qualified defined benefit pension plans represented $1.77 billion in liabilities on december 31, 2022.
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