In April 2021, Arconic Corporation, the aluminum provider based in Pittsburgh transferred $1 Billion in pension liabilities to Massachusetts Mutual Life Insurance Company. This transaction affected approximately 8,400 Arconic retirees or beneficiaries. Prior to the transfer, Arconic made a $250 million contribution to its US pension funds. MassMutual will assume responsibility for making payments to the retirees and beneficiaries in July 2021.
https://retireesforjustice.org/wp-content/uploads/2021/07/skyscrapers.jpg 400 600 ginny https://retireesforjustice.org/wp-content/uploads/2021/02/Retirees-for-Justice-FINAL_Web-copy.png ginny2021-07-01 19:37:382022-10-27 12:58:48Arconic Corporation Transfers $1 Billion to Mass Mutual