AT&T transfers ~$8B in pension obligations to Athene for 96,000 participants

AT&T INC.

Closed commitment agreement with Athene to transfer defined benefit pension obligations for approx. 96,000 participants.
Transferred ~$8,050 million in benefit obligation and related plan assets; no cash contribution from AT&T.
Expects ~$350M non-cash pre-tax pension settlement gain in Q2 2023, subject to final assumptions.
Pension benefits for transferred participants unchanged; Athene solely responsible for payments starting Aug 2023.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.