Entertainment Report

GE is freezing its pension plan for 20,000 US workers

Name: GE is freezing its pension plan for 20,000 US workers
Uploaded: 2019-10-07T10:03:51-07:00
Channel: NBC Palm Springs
Description: General Electric announced Monday it will freeze its US pension plan for about 20,000 workers to help clean up the company’s beleaguered balance sheet. Years of inattention, low interest rates and shrinking profits have left GE with one of the largest pension shortfalls in Corporate America. GE said it will pre-fund $4 billion to $5 billion […]

By: NBC Palm Springs

October 7, 2019

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