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Will FedEx Corp.’s $6 billion pension risk transfer to MetLife Corp. prove a harbinger for another blockbuster year in the market?

The deal, announced May 8, will have MetLife pay benefits to about 41,000 retirees and other beneficiaries in FedEx’s pension plans. It is one of the largest pension risk transfers to be signed since 2012, when Prudential took on $25 billion in liabilities from General Motors and $8 billion from Verizon.

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