International Paper Selects Prudential to Secure $1.3B of Pension Benefits
Approximately 45,000 of International Paper’s retirees and their beneficiaries will soon receive their pension benefit payment from Prudential. International Paper carefully chose Prudential as the benefits provider and as a result will be better able to manage future costs associated with maintaining their pension plan. Companies in the U.S. have become increasingly mindful of the risks and volatility involved with managing pension plans and have turned to pension risk transfer solutions.
"Prudential is a unique player in the pension risk transfer market, a market that it helped to create," said Scott Kaplan, Prudential’s head of Pension Risk Transfer. "We combine strong pension and actuarial expertise with investment capabilities and deep financial resources. Together, these factors help our clients reduce pension risk while allowing them to focus on their core business."
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