{"id":855404,"date":"2024-09-13T10:13:04","date_gmt":"2024-09-13T04:43:04","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=855404"},"modified":"2024-09-13T10:13:04","modified_gmt":"2024-09-13T04:43:04","slug":"why-ibm-is-paying-2-7-billion-to-this-us-based-insurance-company","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/13\/why-ibm-is-paying-2-7-billion-to-this-us-based-insurance-company\/","title":{"rendered":"Why IBM is paying $2.7 billion to this US-based insurance company"},"content":{"rendered":"<p>IBM is set to transfer a part of its pension plan obligations to a unit of Prudential Financial. Now, the company has announced that this transfer will result in a one-time charge of $2.7 billion in the third quarter. According to a report by the news agency Reuters, nearly $6 billion of IBM&#8217;s defined benefit pension obligations will be transferred to Prudential Insurance Company of America under this deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IBM is set to transfer a part of its pension plan obligations to a unit of Prudential Financial. Now, the company has announced that this transfer will result in a one-time charge of $2.7 billion in the third quarter. According to a report by the news agency Reuters, nearly $6 billion of IBM&#8217;s defined benefit pension obligations will be transferred to Prudential Insurance Company of America under this deal.<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-855404","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/855404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=855404"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/855404\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=855404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=855404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=855404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}