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

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

Verizon | 8-K：签订两份单独的承诺协议
美股sec公告 ·  03/06 17:06
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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.与道富环球顾问信托公司和美国保诚保险公司以及RGA再保险公司签订协议，购买总额约为59亿美元的团体年金合同，以结清其养老金计划的福利负债。这些合同于2024年3月6日到期，涵盖了56,000名退休人员，其福利金将在2023年1月1日之前开始。保诚和RGA将分别承担50％的债务，但某些司法管辖区除外，保诚将承担全部债务。年金合同确保向退休人员支付的金额保持不变，并且该交易不会影响年金未涵盖的养老金计划参与者。威瑞森还向养老金计划额外缴纳了约3.65亿美元，维持了其资金比率。该公司预计，2024年第一季度将提供一次性非现金养老金结算抵免，该金额将在最终精算假设后确定。
2024年2月29日，Verizon Communications Inc.与道富环球顾问信托公司和美国保诚保险公司以及RGA再保险公司签订协议，购买总额约为59亿美元的团体年金合同，以结清其养老金计划的福利负债。这些合同于2024年3月6日到期，涵盖了56,000名退休人员，其福利金将在2023年1月1日之前开始。保诚和RGA将分别承担50％的债务，但某些司法管辖区除外，保诚将承担全部债务。年金合同确保向退休人员支付的金额保持不变，并且该交易不会影响年金未涵盖的养老金计划参与者。威瑞森还向养老金计划额外缴纳了约3.65亿美元，维持了其资金比率。该公司预计，2024年第一季度将提供一次性非现金养老金结算抵免，该金额将在最终精算假设后确定。
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