Akzo Nobel N.V.
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Publicatie datum
18 dec 2013 - 08:00
Statutaire naam
Akzo Nobel N.V.
Titel
AkzoNobel to purchase annuities for US pension obligations
Bericht
December 18, 2013
AkzoNobel today announced that it has agreed to transfer its obligations for monthly pension payments for current retirees in the US to insurance company MetLife.
The annuity purchase is expected to reduce AkzoNobel's US pension obligations by approximately $655 million, or 65 percent, of the total US pension plan. In recognition of the premium payable to MetLife, and in order to maintain its pre-transaction funded status, AkzoNobel has paid a contribution to the pension plan of $170 million.
Datum laatste update: 07 oktober 2024