3M to transfer $2.5 bln of US pension obligations to Metropolitan Tower Life Insurance-February 2024-www.financetom.com

3M to transfer $2.5 bln of US pension obligations to Metropolitan Tower Life Insurance

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3M to transfer $2.5 bln of US pension obligations to Metropolitan Tower Life Insurance

Jun 13, 2024 3:53 AM

June 13 (Reuters) - 3M ( MMM ) said on Thursday it would

transfer about $2.5 billion of its U.S. pension payment

obligations and related plan assets for about 23,000 U.S.

retirees and beneficiaries to Metropolitan Tower Life Insurance.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Anil

D'Silva)

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