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A pension buyout (alternatively buy-out) is a type of financial transfer whereby a pension fund sponsor (such as a large company) pays a fixed amount in order to free itself of any liabilities (and assets) relating to that fund. The other party, usually an insurer, receives the payment but takes on responsibility for meeting those liabilities.
The buyouts represent a huge part of the automakers' pension liability. They could cut as much as a third from Ford's $49 billion pension liability and about a quarter of GM's roughly $110 billion ...
The Leidos-Lockheed Martin merger is one of the biggest transactions thus far in the consolidation of the defense sector. Leidos contracts extensively with the Department of Defense , the Department of Homeland Security , and the Intelligence Community , as well as other U.S. government agencies and select commercial markets.
The Kline–Miller Multiemployer Pension Reform Act of 2014 (Division O of Pub. L. 113–235 (text)) is a federal law that was enacted in the United States on December 16, 2014, with the goal of allowing certain American pension plans that have insufficient funds, and thus are at risk of insolvency, to reduce the benefits they owe to participants.
lump sum pension buyout If you're one of the fortunate workers with a pension, and you're offered a big lump-sum payment in exchange for it, you might well feel like your lottery wishes have been ...
A group of 90,000 former salaried workers at Ford (F) got an interesting offer late last month: In exchange for giving up the right to receive monthly pension benefits for the rest of their lives ...
Lockheed Martin and D-Wave will collaborate to realize the benefits of a computing platform based upon a quantum annealing processor, as applied to some of Lockheed Martin's most challenging computation problems. Lockheed Martin established a multi-year contract that includes one system, maintenance, and services.
Pritzker's proposal calls for the state to dedicate $10.1 billion in pension spending, nearly 19% of the proposed $52.7 billion budget and a $300 million increase from the estimated current fiscal ...