Unisys to Settle Future Pension Obligations with $216 Million Lump-Sum Payment

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Unisys
Unysis' Blue Bell headquarters.

Blue Bell’s Unisys has announced that it is settling with 5,800 former employees over their future pension payments with a lump sum amount of $216 million, writes Rob Kozlowski for Pensions & Investments.

The payment is for employees who are vested in the plan but have yet to retire. According to Unisys, the payment will help reduce liabilities for the company and will have minimum impact on funding levels. The payment will also reduce Unisys’ overall number of pension participants by around 8 percent.

Read more about the payout at Pensions & Investments by clicking here, and check out previous MONTCO Today coverage of Unisys by clicking here.

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