Eastman Kodak to Buy Annuity Contract After Ending Prior Pension Plan — Update
October 22, 2025 by Katherine Hamilton
Eastman Kodak agreed to purchase a single premium group annuity contract to cover thousands of employees who were getting retirement benefits from the pension program it canceled in March.
The Rochester, N.Y., company, known for its cameras and film, said Thursday it will purchase the contract from Metropolitan Tower Life Insurance to facilitate the transfer of $1.8 billion of pension obligations. The deal, set to close Oct. 21, will cover about 27,000 participants in Eastman Kodak’s terminated retirement plan.
Originally Posted at MarketWatch on Oct 17, 2025 by Katherine Hamilton.
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