Unisys Offloads $320M in Pension Liabilities to F&G

Unisys transferred about $320 million of US defined benefit pension obligations to F&G through group annuity contracts, reducing liabilities as part of its long-term pension strategy.

• Transfer covers projected benefit obligations for ~3,150 retirees and beneficiaries
• Company expects $228m one-time, non-cash pre-tax settlement charge in 3Q
• No impact on company’s cash position

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