IBM to book $5.9b non-cash charge to transfer its pension liabilities (webmaster@theregister.co.uk (Paul Kunert)/The Register)

webmaster@theregister.co.uk (Paul Kunert) / The Register
IBM to book $5.9b non-cash charge to transfer its pension liabilities – 100k staffers and their beneficiaries to be looked after by Prudential Insurance, Metropolitan Life Insurance IBM will book a one-off non-cash pre-tax pension settlement charge of $5.9 billion in its calendar Q3 after handing pension duties to two life insurance businesses. …

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