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PITTSBURGH–(BUSINESS WIRE)–Alcoa Corporation (NYSE: AA) today announced the purchase of group annuity contracts that will facilitate the transfer of approximately $1 billion of pension obligations and assets associated with defined benefit pension plans for certain United States retirees and beneficiaries. The transfer, which will be complete later this month, will further enhance Alcoa’s strong balance sheet, reduce the risk from volatility in pension plan obligations, and continue to meet c
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