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.
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© Edward S. Stone 2014-2020.
Photos courtesy of David Lasnick.