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3(16) Retirement Plan & Customer Liaison Compass
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Verizon Considering Borrowing to Fund Pension
The Wall Street Journal 
Oct. 21, 2016 "The company has contributed $750 million to its pension so far this year, more than the $600 million it had previously expected.... More companies are considering adding money to their pensions in light of higher fees being charged by the PBGC ... Congress has boosted the amount in premiums pension sponsors must pay ... Businesses with underfunded plans must pay additional variable rate premiums that further increase the cost of their pensions." MORE >> |
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