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More Troubles For GE As 20,000 Pensions Are Frozen

Only 16% of the Fortune 500 still offer defined benefit plans, vs 60% 30 years ago, says Wharton’s Olivia S. Mitchell, discussing the announcement that GE will freeze pension accruals for 20K employees & offering lump sums to 100K more. Read here.http://bit.ly/2MlBmbk

 

Image courtesy of Chuck Miller.

 

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October 9, 2019   |   News and Media defined benefit pension plans, General Electric, pensions, retirement security
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