HP $5.2 Billion Pension De-Risking Transfer

HP Inc., based in Palo Alto, California will transfer $5.2 Billion in pension liabilities to Prudential Insurance Company of America as of October 31, 2021. This represents approximately one-half of HP’s U.S. pension liabilities. The pension de-risking transfer affects some 41,000 retirees and beneficiaries. HP disclosed this information in its recent 10-Q filing.