Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Goodyear Freezes U.S. Hourly Pension Plans, Vulcanizes DB Plans with $1.15 Billion
Pensions & Investments Link to more items from this source
Feb. 13, 2014

"Goodyear Tire & Rubber Co. [of] Akron, Ohio, ... has contributed $1.15 billion to its U.S. defined benefit pension plans since the beginning of 2014 ... The contribution, which fully funds the company's U.S. hourly pension plans ... allows the company to freeze that plan to future benefit accruals effective April 30.... Now that the U.S. pension plans are frozen and fully funded, spokesman Keith Price said the company is considering making a lump-sum offer to vested participants who have yet to retire. He added Goodyear is not considering a bulk annuity purchase similar to the high-profile buyouts by General Motors and Verizon."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.