Unisys transfers a portion of its u.s. defined benefit pension obligations to f&g through a nearly $265 million annuity contract

This agreement marks the third u.s. retiree buyout since 2021 and reflects continuation of efforts to reduce pension liabilities, volatility and cost while securing retiree pension benefits with highly-rated insurance companies blue bell, pa. , march 23, 2023 /prnewswire/ -- unisys corporation (nyse: uis) today announced it has closed agreements with f&g annuities & life, inc. (nyse: fg) ("f&g") to purchase group annuity contracts totaling approximately $265 million through which unisys will transfer projected benefit obligations valued slightly less than this amount related to certain retirees under one of the company's u.s. pension plans to f&g.
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