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AIG Unit To Get Added Funding For Plan

AIG’s unit, American General Finance (AGF), will get $4 million in additional funding for its pension plans.

AIG’s unit, American General Finance (AGF), will get $4 million in additional funding for its pension plans, Pensions & Investments reports. The move is part of the Indiana-based company’s agreement with the Pension Benefit Guaranty Corporation (PBGC).

ThePBGC has negotiated the agreement as part of a review by the agency of AIG’s divestiture of businesses. AGF may sell 80% of the business to funds managed by Fortress Investment Group.

Click here for the story from Pensions & Investments.

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