Buck Consultants, an ACS company and one of the world's leading human resource and benefits consulting firms, today announced that it has been selected by Pernod Ricard USA to continue providing consulting services for Pernod's pension and postretirement medical plans. Buck has been providing consulting services to Pernod for more than 40 years.
Under the terms of the five-year contract, Buck Consultants will deliver actuarial and consulting services for Pernod's defined benefit pension plan, two supplemental executive retirement plans and its postretirement medical plan. These plans have more than $250 million in assets and cover 4,500 active and retired participants.
ìWe value the outstanding service and solutions that are always provided by the Buck team,î said Manny Bernardo, Director of Employee Benefits for Pernod Ricard USA. ìWe look forward to continuing our excellent working relationship.î
ìWe are very pleased that Pernod Ricard USA has once again chosen Buck as its retirement consultant,î said Jan K. Grude, President and Executive Managing Director of Buck. ìWe are committed to delivering the high quality solutions they have come to rely on from us.î
Pernod Ricard USA is a leading premium spirits and wine company and the largest subsidiary of Paris, France-based Pernod Ricard SA, the co-leader of the global spirits and wine industry. In March 2008, the company agreed to purchase Vin & Sprit, including its iconic Absolut vodka brand and Cruzan Rum; following the closing of this transaction, which is expected by the end of July, 2008, Pernod Ricard USA will be the number two spirits company in the United States by both volume and value. The company is based in Purchase, New York, and has more than 900 employees across the country.
Pernod Ricard USA's portfolio is primarily focused on the high margin premium segment of the industry, with such leading brands as Jameson Irish Whiskey, The Glenlivet Single Malt Scotch Whisky, Chivas Regal Scotch Whisky, Wild Turkey Bourbon, Seagram's Extra Dry Gin, Beefeater Gin, Martell(TM) Cognac, Malibu flavored Rum, Kahla Liqueur, Hiram Walker(TM) Liqueurs, Pernod and Ricard Liqueurs, as well as Jacob's Creek and Brancott Estate wines, Perrier Jout Champagne, Mumm Champagne and Mumm Napa(TM) wines.
Pernod Ricard USA urges all adults to consume its products responsibly and has an active campaign to promote responsible drinking. For more information on this, please visit: www.acceptresponsibility.org.
Buck Consultants, an ACS company, is a leader in human resource and benefits consulting with more than 1,500 professionals worldwide. Founded in 1916 to advise clients in establishing and funding some of the nation's first public and private retirement programs, Buck is an innovator in the areas of retirement benefits, health and welfare programs, human capital management, compensation, and employee communication. News and other information about Buck Consultants are available at www.buckconsultants.com. Buck is an independent subsidiary of Affiliated Computer Services, Inc.
ACS, a global FORTUNE 500 company with more than 63,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The Companyís Class A common stock trades on the New York Stock Exchange under the symbol ìACS.î Learn more about ACS at www.acs-inc.com.
Buck Consultants to Provide Consulting and Actuarial Services to Pernod Ricard USA
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