Unisys transfers about $200 million in US pension liabilities to New York Life via group annuity contract - UIS News | RalliesUnisys transfers about $200 million in US pension liabilities to New York Life via group annuity contract
U
UIS• Pension liability transfer
- Unisys closed a group annuity contract purchase with New York Life totaling about $200 million using pension plan assets.
- Projected benefit obligations of a similar amount for certain retirees under a U.S. qualified pension plan will transfer to New York Life.
- The transaction lifts cumulative U.S. pension liability reduction since July 2025 to about $520 million toward a $600 million target.
- New York Life will provide benefits for about 1,700 retirees and beneficiaries; the monthly payment amount, timing and form remain unchanged.
- Unisys expects a third-quarter 2026 one-time, non-cash, pre-tax settlement charge of about $150 million, with no impact to cash.
•
