Unisys Transfers Approximately $200 Million of Its U.S. Defined Benefit Pension Obligations to New York Life Through the Purchase of a Group Annuity Contract

{
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  "signal_type": "news",
  "signal_subtype": "sells_assets_to",
  "detected_at": "2026-09-16T20:30:00+00:00",
  "company": {
    "name": "Unisys",
    "domain": "unisys.com"
  },
  "data": {
    "url": "https://www.prnewswire.com/news-releases/unisys-transfers-approximately-200-million-of-its-us-defined-benefit-pension-obligations-to-new-york-life-through-the-purchase-of-a-group-annuity-contract-302881024.html",
    "title": "Unisys Transfers Approximately $200 Million of Its U.S. Defined Benefit Pension Obligations to New York Life Through the Purchase of a Group Annuity Contract",
    "assets": "U.S. defined benefit pension obligations",
    "excerpt": "Consistent with Unisys' capital structure and pension strategy, this agreement reduces pension liabilities and lowers the future cost of fully removing its U.S. pension obligations BLUE BELL, Pa. , Sept. 16, 2026 /PRNewswire/ -- Unisys (NYSE: UIS ) today announced it closed an agreement with New York Life Insurance Company (\"New York Life\") to purchase a group annuity contract totaling approximately $200 million using plan assets. Unisys will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the Company's U.S. qualified pension plans to New York Life. As outlined in Unisys' July 2025 Capital Structure and Pension Strategy investor presentation, the Company targeted a $600 million reduction of U.S. qualified defined benefit pension plan liabilities. This latest annuity purchase transaction brings the cumulative reduction to approximately $520 million since July 2025. The Company anticipates completing one additional settlement by January 2027, which would bring the reduction in U.S. liabilities closer to achieving the target. As part of the transfer, New York Life will assume responsibility for providing pension benefits for approximately 1,700 retirees and beneficiaries with monthly benefits lower than certain thresholds. There will be no changes to the gross amount, timing, or form of the monthly pension benefit...",
    "summary": "Unisys transferred approximately $200 million of its U.S. defined benefit pension obligations to New York Life Insurance Company through the purchase of a group annuity contract.",
    "location": "Blue Bell, PA",
    "planning": false,
    "image_url": "https://mmx.prnewswire.com/media/MS652613/Unisys-Logo-Logo.jpg?id=OA2953326&p=facebook",
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    "published_at": "2026-09-16T20:30:00Z",
    "location_data": [
      {
        "city": "Blue Bell",
        "state": "Pennsylvania",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
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    "effective_date": "2026-09-16",
    "article_sentence": "Unisys (NYSE: UIS ) today announced it closed an agreement with New York Life Insurance Company (\"New York Life\") to purchase a group annuity contract totaling approximately $200 million using plan assets.",
    "amount_normalized": 200000000,
    "related_company_name": "New York Life Insurance Company",
    "related_company_domain": "newyorklife.com"
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curl https://signals.autobound.ai/v1/signals/4f8ba43a-953b-f663-b96f-0bca3dabf187 \
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curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"unisys.com","limit":20}'