UPS to take $896m hit from New England pension restructuring
UPS has secured an agreement with a pension fund in New England to restructure the pension liabilities for 10,200 of its employees.
Read MorePosted by Ian Taylor | Aug 24, 2012 | News |
UPS has secured an agreement with a pension fund in New England to restructure the pension liabilities for 10,200 of its employees.
Read MorePosted by Ian Taylor | Apr 6, 2012 | News |
Canada Post saw the solvency and deficits of its $15bn pension plan getting “significantly” worse last year, according to its latest financial results, with its solvency gap widening to $4.7bn at the end of 2011.
Read MorePosted by Ian Taylor | Jan 27, 2012 | News |
UPS is set to take a $827m hit to its fourth quarter results after taking the decision to change its accounting procedures for its pension and retiree benefit funds.
Read MorePosted by Ian Taylor | Dec 19, 2011 | News |
PostNL said today it must find a way to cut its pension contributions, with turbulence in the financial markets opening up a EUR 500m black hole in its pension fund.
Read MorePosted by Ian Taylor | Jun 23, 2011 | News |
Federal officials have said it is now up to the Department of Justice to determine whether the US Postal Service can legally withhold hundreds of millions in payments into its pension fund to avoid insolvency.
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