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Prudential Completes $4.9 Billion Pension Risk Transfer
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Prudential Financial, Inc. has completed a $4.9 billion pension risk transfer with Shell USA, Inc., assuming pension obligations for 21,500 retirees. The transaction marks Shell's first 'jumbo' transaction of 2024 and is the seventh largest on record.
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How does this transaction reflect the changing landscape of retirement benefits and pension funding?
How might this pension risk transfer impact Shell's financial strategy and retirement programs?
What implications does this transaction have for the broader pension risk transfer market?
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