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Aiming for Lower Volatility: Covidien

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Covidien, a $10.4 billion manufacturer of medical devices and supplies, inherited multiple U.S. pension plans with about $455 million in assets when it was spun off from Tyco International in 2007. Covidien wanted to limit the volatility in the plans’ funded status and its impact on the company’s financials and cash contributions.

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Retirement & Benefits

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