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Stock impact report

BRIEF-Alcoa Corp Takes Additional Actions On U.S. Pension, Other Post employment Benefit Obligations [Reuters]

Alcoa Corporation (AA) 
Last alcoa corporation earnings: 4/22 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
Company Research Source: Reuters
BRIEF-Alcoa Corp Takes Additional Actions On U.S. Pension, Other Post employment Benefit Obligations | Reuters Reuters Staff 1 Min Read Aug 8 (Reuters) - Alcoa Corp: * ALCOA CORPORATION TAKES ADDITIONAL ACTIONS ON U.S. PENSION AND OTHER POSTEMPLOYMENT BENEFIT OBLIGATIONS * ALCOA CORP - ACTIONS ALIGN WITH ALCOA CORPORATION’S STRATEGIC PRIORITY TO STRENGTHEN BALANCE SHEET * ALCOA CORP - HAS MADE A DISCRETIONARY CONTRIBUTION OF $100 MILLION TO FURTHER FUND ITS U.S. DEFINED BENEFIT PENSION PLANS. * ALCOA CORP - NOTIFYING CERTAIN U.S. SALARIED RETIREES THAT COMPANY WILL NO LONGER PROVIDE RETIREE LIFE INSURANCE, EFFECTIVE SEPTEMBER 1, 2018 * ALCOA CORP - ALCOA WILL MAKE A ONE-TIME TRANSITION PAYMENT TO AFFECTED RETIREES TOTALING APPROXIMATELY $25 MILLION * ALCOA - WILL RECORD AN ESTIMATED NON-CASH NET SETTLEMENT CHARGE OF $184 MILLION IN Q3 RELATED TO ANNUITY TDEAL, ELIMINATION OF RETIREE LIFE INSURANCE * ALCOA - AS PART OF ANNUITY CONTRACT, ABOUT $290 MILLION IN OBLIGATIONS & RELATED ASSET Show less Read more
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