Verizon to Transfer $7.5 Billion in Management Pension Plan Obligations to Prudential

NEW YORK, Oct. 17, 2012 /PRNewswire/ -- Verizon Communications Inc. announced today that it has entered into an agreement with The Prudential Insurance Company of America pursuant to which the Verizon Management Pension Plan (the "Plan") will transfer pension assets to Prudential to...

Source : http://www.prnewswire.com/news-releases/verizon-to...