Lump sum
Lockheed Martin Co. made lump-sum payments totaling $414 million in the fourth quarter to former employees vested in its U.S. pension plans.
Teleflex Inc.'s board of directors approved the termination of the Teleflex Inc. Retirement Income Plan, effective Aug. 1.
Goodyear Tire & Rubber Co. completed the termination of the Cooper Tire U.S. salaried pension plan through lump-sum payments and a group annuity.
Weyerhaeuser Co. purchased a group annuity contract to transfer about $420 million in Canadian pension plan liabilities.
Peabody Investments is terminating its pension plan, with completion expected in the first half of 2023.
Prestige Consumer Healthcare Inc. and Commercial Vehicle Group Inc. both announced the completion of U.S. pension plan terminations.
Cooper-Standard Holdings is terminating its U.S. pension plan through a process of lump-sum offers and a group annuity contract.
West Pharmaceutical Services Inc. has terminated its U.S. defined benefit plan and purchased an annuity contract to transfer remaining liabilities.
The Clorox Co. is terminating is primary U.S. pension plan using lump-sum payments and a group annuity.
TransDigm Group completed the termination of one of its pension plans by transferring about $188 million in liabilities to an insurance company.
