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Verizon | 8-K: Enter into Two Separate Commitment Agreements

Verizon | 8-K:簽訂兩份單獨的承諾協議

SEC announcement ·  03/07 06:06
牛牛AI助理已提取核心訊息
On February 29, 2024, Verizon Communications Inc. entered into agreements with State Street Global Advisors Trust Company and The Prudential Insurance Company of America, as well as RGA Reinsurance Company, to purchase group annuity contracts totaling approximately $5.9 billion to settle benefit liabilities for its Pension Plans. The contracts, which closed on March 6, 2024, cover 56,000 retirees with benefits payments starting before January 1, 2023. Prudential and RGA will each assume 50% of the obligation, except in certain jurisdictions where Prudential will assume the entire obligation. The annuity contracts ensure that the payment amounts to the retirees remain unchanged, and the transaction will not affect Pension Plan participants who are not covered by the annuities. Verizon also made additional contributions of about $365 million to the Pension Plans, maintaining their funded ratio. The company anticipates a one-time non-cash pension settlement credit in Q1 2024, the amount of which will be determined upon finalizing actuarial assumptions.
On February 29, 2024, Verizon Communications Inc. entered into agreements with State Street Global Advisors Trust Company and The Prudential Insurance Company of America, as well as RGA Reinsurance Company, to purchase group annuity contracts totaling approximately $5.9 billion to settle benefit liabilities for its Pension Plans. The contracts, which closed on March 6, 2024, cover 56,000 retirees with benefits payments starting before January 1, 2023. Prudential and RGA will each assume 50% of the obligation, except in certain jurisdictions where Prudential will assume the entire obligation. The annuity contracts ensure that the payment amounts to the retirees remain unchanged, and the transaction will not affect Pension Plan participants who are not covered by the annuities. Verizon also made additional contributions of about $365 million to the Pension Plans, maintaining their funded ratio. The company anticipates a one-time non-cash pension settlement credit in Q1 2024, the amount of which will be determined upon finalizing actuarial assumptions.
2024年2月29日,Verizon Communications Inc.與道富環球顧問信託公司和美國保誠保險公司以及RGA再保險公司簽訂協議,購買總額約爲59億美元的團體年金合同,以結清其養老金計劃的福利負債。這些合同於2024年3月6日到期,涵蓋了56,000名退休人員,其福利金將在2023年1月1日之前開始。保誠和RGA將分別承擔50%的債務,但某些司法管轄區除外,保誠將承擔全部債務。年金合同確保向退休人員支付的金額保持不變,並且該交易不會影響年金未涵蓋的養老金計劃參與者。威瑞森還向養老金計劃額外繳納了約3.65億美元,維持了其資金比率。該公司預計,2024年第一季度將提供一次性非現金養老金結算抵免,該金額將在最終精算假設後確定。
2024年2月29日,Verizon Communications Inc.與道富環球顧問信託公司和美國保誠保險公司以及RGA再保險公司簽訂協議,購買總額約爲59億美元的團體年金合同,以結清其養老金計劃的福利負債。這些合同於2024年3月6日到期,涵蓋了56,000名退休人員,其福利金將在2023年1月1日之前開始。保誠和RGA將分別承擔50%的債務,但某些司法管轄區除外,保誠將承擔全部債務。年金合同確保向退休人員支付的金額保持不變,並且該交易不會影響年金未涵蓋的養老金計劃參與者。威瑞森還向養老金計劃額外繳納了約3.65億美元,維持了其資金比率。該公司預計,2024年第一季度將提供一次性非現金養老金結算抵免,該金額將在最終精算假設後確定。

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