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PBGC, Sears Reach Agreement to Further Fund Pension Plans
Pension Benefit Guaranty Corporation [PBGC] Nov. 8, 2017
"The Pension Benefit Guaranty Corporation and Sears Holdings Corporation have reached a new agreement that upon closing provides approximately $500 million in funding for Sears' two pension plans, including contributions already made by Sears since August 2017. The pension plans cover about 100,000 participants. Closing on this agreement should occur in about three months."
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