Unisys closes $200 million pension annuity deal, cuts liabilities by $520 million
AI Summary- Unisys closed a group annuity agreement with New York Life for certain U.S. pension obligations.
- $200 million of plan assets funded the transaction, raising cumulative liability reductions to approximately $520 million.
- Unisys anticipates one additional settlement by January 2027 toward its $600 million reduction target.