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Oct032014

12:08:06 pm

Bristol-myers To Transfer $1.4 Bln In U.s. Pension Obligations To Prudential - Nasdaq.com









retirees and their beneficiaries who started receiving their monthly retirement benefit payments on or before June 1, 2014. Bristol-Myers Squibb said its U.S. Retirement Plan ("the Plan") is in a strong financial position, and the obligations associated with this transaction will require no additional cash contributions by the company. There will be no change to the monthly retirement benefit payments currently received by retirees and their beneficiaries. All other plan participants will stay in the company's Plan, which is well-funded.




To read more from the author please visit http://en.wikipedia.org/wiki/Bristol

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