Prudential Insurance Company of America : Franchise Herald

Prudential Insurance Company of America

Prudential Insurance Company of America

JC Penney Cuts Pension Plan Obligation, Taps Prudential Insurance to Take Over

JC Penney Company, Inc. has announced in a press release that it will be significantly reducing the benefits obligations of the company’s qualified pension plan. JC Penney has also reached an agreement for The Prudential Insurance Company of America to settle a large portion of the company’s remaining pension benefits obligations.

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