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.
https://retireesforjustice.org/wp-content/uploads/2021/09/offices.jpg 401 600 ginny https://retireesforjustice.org/wp-content/uploads/2021/02/Retirees-for-Justice-FINAL_Web-copy.png ginny2021-09-08 16:42:492022-10-27 12:54:09HP $5.2 Billion Pension De-Risking Transfer