NasdaqGM:BLBDMachinery
Blue Bird Pension Transfer Reshapes Liabilities And Investor Considerations
Blue Bird Corporation (NasdaqGM:BLBD) has fully terminated its frozen defined benefit pension plan.
The company settled US$94 million of pension liabilities through a pension risk transfer to Pacific Life.
The transfer shifts obligations for more than 2,000 participants from Blue Bird to Pacific Life and results in a non-cash settlement charge for the company.
Blue Bird, a long-standing manufacturer in the school bus industry, operates in a segment that attracts attention from investors...