Company pension buyout histories
Every entry below is sourced from public filings and reporting. If your employer ran a buyout window or moved its pension to an insurer, the history explains what happened and what it means for your benefit.
GE
GE froze its main pension plan and offered lump sum buyouts to about 100,000 former employees. The timeline, and how to analyze any GE pension offer.
IBM
IBM transferred $16 billion of pension obligations to Prudential and MetLife in 2022 and another $6 billion to Prudential in 2024. What it means for IBM retirees.
AT&T
AT&T transferred about $8 billion of pension obligations covering 96,000 participants to Athene in 2023. What the deal means for AT&T retirees and former employees.
Verizon
Verizon transferred $7.5 billion of management pension obligations to Prudential in 2012 and another $5.9 billion to Prudential and RGA in 2024.
General Motors
General Motors annuitized roughly $26 billion of salaried pension obligations with Prudential in 2012, including lump sum offers to salaried retirees. The full picture.
Lockheed Martin
Lockheed Martin has offered lump sum windows to former employees and transferred billions in pension obligations to Athene. The timeline and what it means.
FedEx
FedEx transferred approximately $6 billion of pension obligations covering about 41,000 retirees to MetLife in 2018. What the deal means for FedEx pensioners.
Your company not listed? The analysis is the same for every plan: run your offer through the calculator and work through the 12 questions.
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