Verizon to Halt Pension Outlay for Managers
This is an article from The Ledger Online.
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Verizon Communications, the nation's second-largest telephone company, said yesterday that it would freeze the guaranteed pension plan covering 50,000 of its managers and expand their 401(k) plans instead.
In freezing the plan, the company will pay workers the benefits they have already earned but will not let them build additional benefits.
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http://www.theledger.com/apps/pbcs.dll/article?AID=2005512060410
posted by Victor Lloyd Smith @ 9:48 AM
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