Recent Pension De-Risking Transactions
February 2020: Armstrong World Industries transfers $1 Billion for 10,000 retirees to Athene
December 2020: Lockheed Martin transfers $1.4 Billion of pension liabilities for 13,500 retirees to MetLife
December 2020: Phillips North America transfers $1.2 Billion in pension liabilities for 11,000 retirees to MetLife and Principal
December 2020: GE transfers $1.7 Billion of pension liabilities for 70,000 retirees to Athene.
February 2021: Dow transfers $700 Million in pension liabilities for 12,000 retirees to MetLife
April 2021: JCPenney transfers $2.8 Billion in pension liabilities for 30,000 retirees to Athene