Continuing a trend seen across industries, a major brewer is seeking to de-risk its pension liabilities. (Photo: Getty)

Following a continuing trend to de-risk from pension liabilities, Denver-based Molson Coors Brewing Co. has purchased a group annuity contract from Athene Annuity and Life Co. that will transfer about $900 million in pension liabilities away from the brewer.

As of December 31, the MillerCoors LLC Pension Plan had $2.8 billion in assets, according to the Molson Coors subsidiary’s most recent Form 5500 filing.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?

Dig Deeper


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.