Keyword: pension liabilities

13 results found

The recent announcement that General Motors of Canada Co. purchased $1.8 billion of annuities for its salaried pension plan is creating a lot of excitement. GM Canada joins a growing list of plan sponsors who’ve purchased sizeable annuities in the last few years: Stelco Inc. ($885 million), Alcoa Corp. ($750 million), Rio Tinto Group ($560 […]

General Motors of Canada Co. is transferring the longevity risk for $1.8 billion in pension plan liabilities through a group annuity buyout. Jennifer Wright, director of communications at GM Canada, said in a statement that the automaker has been taking steps to reduce risk and strengthen its retirement plans with a view to protecting the […]

  • By: Staff
  • April 8, 2021 April 25, 2021
  • 09:00
DB buyouts expected to grow

Demand grows as firms look to shed pension liabilities.

  • By: Staff
  • March 25, 2015 September 13, 2019
  • 21:26