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box with Fragile on it The reduced pension recipient headcount will lower FedEx’s flat rate premium to PBGC, which is set on the number of plan participants. Other pension plan sponsors could follow FedEx’s lead in transferring risk to insurance companies. (Photo: Shutterstock)

FedEx will transfer about $6 billion of pension obligations for 41,000 U.S. retired employees to MetLife, in the largest annuity pension de-risking purchase booked since 2012.

Nick Thornton


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