Potlatchdeltic transfers $70 million in pension obligations

Spokane, wash.--(business wire)--potlatchdeltic corporation (nasdaq: pch) today announced that it agreed to purchase a group annuity contract from american general life insurance company (“american general life”), pursuant to which it will irrevocably transfer to american general life approximately $70 million of pension obligations. american general life will assume responsibility for annuity administration and benefit payments to select retirees and terminated vested participants (“participan
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