Kewaunee Scientific terminates pension plan, transfers $17.7M obligations via annuity

KEWAUNEE SCIENTIFIC CORP /DE/

Pension plan terminated effective April 30, 2024; $17.7M in obligations transferred via group annuity contracts.
Company contributed $0.3M cash to fully fund remaining defined benefit pension liabilities.
Benefits for participants and beneficiaries unchanged; participants to receive separate details.

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