PPG Industries Enters the Pension De-risking Arena
PPG Industries, a Fortune 200 global manufacturer of paints, coatings and optical products has entered into agreements with Metropolitan Life Insurance Company and Massachusetts Mutual Life Insurance Company to provide annuity benefits to 13,400 retirees removed from PPG’s defined benefit pension plans. In what appear to be annuity “lift-out’s” PPG has purchased group annuity contracts […]