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About 3,600 employees elected to receive a lump-sum distribution of their retirement benefits in lieu of an annuity when Eastman Kodak terminated the pension program. The company settled $76 million ...

The annuity contract will be funded by assets of the retirement income plan that it terminated, and Eastman Kodak said it doesn't expect to make any cash contributions to the deal. The insurer will ...

Natalie Campisi is a senior journalist who covers personal finance, balancing timely news with in-depth enterprise reporting. Her mission is to make complex financial issues clear and accessible for ...

Farran Powell is the managing editor of investing at Forbes Advisor. She was previously the assistant managing editor of investing at U.S. News & World Report. Her work has appeared in numerous ...