---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-205000"
form_type: "8-K"
ticker: "PEG"
cik: "0000788784"
company_name: "PUBLIC SERVICE ENTERPRISE GROUP INC"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T05:16:28.511038+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PSEG closes $1B pension annuity transfer to Prudential, covering 2,000 retirees

## Summary
- Transaction closed on August 7, 2023, transferring ~$1B of pension obligations and assets.
- Approximately 2,000 retirees from PSEG Power & Other are affected by the group annuity contract.
- The nonparticipating single premium group annuity contract is with The Prudential Insurance Company of America.
- This pension de-risking move reduces PSEG's future defined benefit pension liabilities.

## SEC filing metadata
- accession: 0001193125-23-205000
- form_type: 8-K
- ticker: PEG
- cik: 0000788784
- company_name: PUBLIC SERVICE ENTERPRISE GROUP INC
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788784/000119312523205000/0001193125-23-205000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788784/000119312523205000/d528878d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-205000
- JSON: https://secwatch.observer/filing/0001193125-23-205000.json
- Plain text: https://secwatch.observer/filing/0001193125-23-205000.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.