Featured Jobs
|
Retirement Relationship Manager MAP Retirement
|
|
Sentinel Group
|
|
MAP Retirement
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Regional Vice President, Sales MAP Retirement
|
|
BPAS
|
|
DWC - The 401(k) Experts
|
|
Pattison Pension
|
|
MAP Retirement
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Goodyear Freezes U.S. Hourly Pension Plans, Vulcanizes DB Plans with $1.15 Billion
Pensions & Investments 
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." MORE >> |
| 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). |