
Pensions
FirstEnergy Transfers 2,200 Retiree Pensions to Insurers
Legal & General Retirement America and RGA Reinsurance took on $700 million in pension liabilities.
The firm will transfer 85% of its U.S. defined benefit plan obligations to Athene through annuity contracts.
Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.