RockTenn settles $249 million in worker pension obligations for lump-sum offer; to contribute $160 million to defined benefit plans in 2015

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RockTenn settles $249 million in worker pension obligations for lump-sum offer; to contribute $160 million to defined benefit plans in 2015

November 25, 2014 - 09:27

Rock-Tenn Co., Norcross, Ga., has settled $249 million in projected benefit obligations through a voluntary lump-sum offer to former employees who have yet to retire, said John Stakel, senior vice president and treasurer.

In July, an offer letter was sent to more than 9,000 former employees who were participants in the Rock-Tenn Co. Consolidated Pension Plan, Rock-Tenn Co. Pension Plan for Certain Salaried Employees and RTS Packaging LLC Consolidated Pension Plan.

Pensions & Investment - Rock-Tenn settles $249 million in obligations for lump-sum offer

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