Unisys transfers $320M in pension liabilities to F&G in de-risking move

* Unisys (NYSE:UIS [https://seekingalpha.com/symbol/UIS]) has transferred $320M in pension obligations to F&G Annuities & Life through group annuity contracts.
* The transaction covers about 3,150 U.S. retirees and beneficiaries with lower monthly benefit thresholds.
* This marks the first step in Unisys’ plan to reduce $600M in U.S. pension liabilities by the end of 2026.
* F&G will assume responsibility for future benefit payments, with no change to the payment amounts, timing, or form for retirees.
* The move will trigger a $228M non-cash, pre-tax settlement charge in Q3 2025 but will not impact Unisys’ cash position.
* Source: SEC filing [https://seekingalpha.com/pr/20247977-unisys-transfers-approximately-320-million-of-its-u-s-defined-benefit-pension-obligations-to]

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