NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (PFI) (NYSE: PRU) closed a pension risk transfer transaction with Shell USA, Inc. for $4.9 billion in pension obligations covering a block of about 21,500 of the company’s U.S. retirees. As a result of this transaction, PFI, through its subsidiary The Prudential Insurance Company of America, will be responsible for the pension benefit payments to these retirees beginning May 15, 2024. “Prudential is honored to help continue meeting the retirement ...