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Heard Off the Street: PPG passing on pensions

Pittsburg Post-Gazette
Date Published: 
Sunday, July 3, 2016

The Pittsburgh-based paint and coatings maker announced Monday that it will unload $1.6 billion in pension obligations it owes to about 13,400 current U.S. salaried and non-union hourly retirees by purchasing group annuity contracts from Massachusetts Mutual Life and MetLife.