J.C. Penney announced that the store contracted with Prudential to take over the pension assets for 43,000 retirees via a group annuity contract.
J.C. Penney announced that the store contracted with Prudential to take over the pension assets for 43,000 retirees via a group annuity contract. Matt Slocum AP
J.C. Penney announced that the store contracted with Prudential to take over the pension assets for 43,000 retirees via a group annuity contract. Matt Slocum AP

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October 30, 2015 4:15 PM

Texas retirees worry about pitfalls of ‘pension de-risking’

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