05:22 PM EDT, 09/29/2025 (MT Newswires) -- Unisys ( UIS ) said late Monday it has closed deals with F&G Annuities & Life to buy group annuity contracts totaling about $320 million using plan assets.

The company said it will transfer projected benefit obligations valued at a similar amount related to certain retirees under one of the company's US pension plans to F&G.

The move is part of its plan to cut about $600 million of defined benefit pension plan liabilities through the end of 2026, it said.

Unisys ( UIS ) said it expects the action to result in a Q3 non-cash, pre-tax settlement charge of about $228 million.