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Macy's to Freeze Pension Plan at End of Year
Pensions & Investments 
Feb. 17, 2013 "The company also announced it will increase the company contribution to its existing 401(k) plan on Jan. 1, 2014, and on that day will also create a new defined contribution plan, which 'will be implemented to provide for income deferral and company matching contribution opportunities with respect to compensation in excess of amounts eligible for such opportunities under the company's 401(k) plan.' The defined benefit pension plan was closed to new participants on Jan. 1, 2012." MORE >> |
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