Accenture Reduces U.S. Pension Obligations by $1.6 Billion Through Previously Announced Plan Termination, Following Asset Transfer to AIG, MassMutual
June 23, 2017
June 23, 2017
NEW YORK, June 23 -- Accenture, a global professional services company, issued the following news release:
Accenture (NYSE: ACN) has completed the termination of its U.S. Pension Plan (the "Plan"), which was previously announced in March 2016, by entering into agreements with American General Life Insurance Company (AGL) - a subsidiary of American International Group, Inc. (AIG) - and Massachusetts Mutual Life Insurance Co. (MassMutual). Under these agreements, the Plan . . .
Accenture (NYSE: ACN) has completed the termination of its U.S. Pension Plan (the "Plan"), which was previously announced in March 2016, by entering into agreements with American General Life Insurance Company (AGL) - a subsidiary of American International Group, Inc. (AIG) - and Massachusetts Mutual Life Insurance Co. (MassMutual). Under these agreements, the Plan . . .