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AT&T lowers rate of return to 7.75%
trueAT&T Inc., the largest U.S. phone company, said in a filing Thursday that it lowered its expected long-term rate of return on its $45.9 billion pension plan to 7.75%, citing “continued uncertainty” for the stock market and the U.S. economy.
AT&T eyes contributing $9.5 billion in wireless stock to help fund pension plans
trueAT&T Inc. is seeking to contribute a preferred equity interest in its wireless business, valued around $9.5 billion, to its pension plans.