PRC In the News
07/05/16|Pittsburg Post-Gazette

Heard Off the Street: PPG passing on pensions

The Pittsburgh-based paint and coatings maker announced Monday that it will unload $1.6 billion in pension obligations it owes to about 13,400 current U.S. salaried and non-union hourly retirees by purchasing group annuity contracts from Massachusetts Mutual Life and MetLife. 

PRC In the News

Verizon participants petition SCOTUS on right to sue over de-risking deal

The Supreme Court is being petitioned to review a claim that could clarify when participants in defined benefit pension plans have a right to sue sponsors under the Employee Retirement Income Security Act.