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BRIEF-NCR says entered into agreement with the trustees of the NCR Pension Plan in UK
November 19, 2013 / 9:51 PM / 4 years ago

BRIEF-NCR says entered into agreement with the trustees of the NCR Pension Plan in UK

Nov 19 (Reuters) - NCR Corp : * Continues next phase of pension transformation strategy * Entered into agreement with trustees of NCR pension plan in UK on entry into

a pension insurance buy-out transaction for the UK pension plan * Transaction aims to secure over $1 billion of benefits, through insurance

contracts provided by PIC * Deal is for the about 5,400 members of UK pension plan who are former or

current employees of certain subsidiaries of NCR Corporation in UK * Co expects to take additional steps to accomplish the full buy-out of the UK

pension plan in an efficient and expeditious manner * Source text for Eikon * Further company coverage

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