May 28, 2024
Entergy Corp., New Orleans, entered into an agreement to purchase a group annuity contract from Metropolitan Life Insurance Co. to transfer nearly $1.2 billion in U.S. pension liabilities.
The utility company signed the agreement May 23 to transfer the liabilities representing 3,447 retirees and beneficiaries receiving benefits from four company pension plans, according to an 8-K filing with the SEC on May 24.
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