trending Market Intelligence /marketintelligence/en/news-insights/trending/E-v5TI_h9gDdK2UKcPdG7g2 content esgSubNav
In This List

Hasbro purchases annuity contract to help settle pension plan liabilities

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

Expand Your Perspective: Data & Distribution Q&A

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work


Hasbro purchases annuity contract to help settle pension plan liabilities

Hasbro Inc. has purchased a group annuity contract from Massachusetts Mutual Life Insurance Co. to administer all future payments to the remaining participants in its U.S. defined benefit pension plan.

The purchase of the contract and lump sum payments to vested plan participants settled all remaining liabilities during the second quarter, according to a Form 10-Q filing.

The board of directors approved termination of the pension plan in February 2018, and received regulatory approval to do so during the fourth quarter of that year.