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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 & Investmentsreports. The move is part of the Indiana-based company’s agreement with thePension 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 byFortress Investment Group.

    Click here for the story from Pensions & Investments.

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