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FedEx to Transfer $6 Billion in Pension Obligations to MetLife

This enormous deal is the latest in a series of pension risk transfers due to the market environment and PBGC pricing trends.

By Mary Schlangenstein & Katherine Chiglinsky | Updated on May 09, 2018

FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc.

The deal covers the pension benefits of 41,000 retirees and beneficiaries who currently receive a monthly payout and meet certain conditions, the courier said in a statement Tuesday. Benefits won’t change, FedEx said, without disclosing the cost of the transaction.

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