Owens Corning Transfers $89 Million of Pension Liabilities

In October, Owens Corning, the Toledo, Ohio based manufacturer of insulation, roofing, and fiberglass composites announced the transfer of  $89 Million in pension liabilities, along with $83 Million in plan assets to an undisclosed insurance company.  According to Pension & Investments, the pension risk transfer affects retirees receiving monthly benefits of less than $600 per month.