Another company just cut its pension plan — what to do if it happens to you

The company accepted a $6.1 billion bid from the Canadian Pension Plan Investment Board that will see it acquired by the second quarter of 2020......»»

Sunrise Communications has won support from one of its largest shareholders for its $2.8 billion capital hike - the latest twist in the telecom company's battle to buy Liberty Global's Swiss business......»»

The action will hit company's salaried workers and is designed to reduce billions in pension deficits and debt.....»»

GE on Monday announced changes to its pension plan in an effort to reduce the company's pension obligations and net debt......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

An increasing number of people are being offered early retirement incentives, presenting them with a choice: Take a lump-sum payment, or join a company pension plan. But which is best? The short answer is that it depends on your situation, said Koji Wat.....»»

Democrats even kill a bill that would have required the pension plan to assess potential liabilities from its portfolio of fossil-fuel company investments......»»

Avery Dennison Corp. disclosed Wednesday that it will terminate its pension plan, effective Sept. 28. The labeling and packaging materials company said there will .....»»

Avery Dennison’s employees will have access to a 401(k) plan......»»

Avery Dennison’s employees will have access to a 401(k) plan......»»

E-commerce is often blamed for the woes of brick-and-mortar retailers. But on Thursday, Sears CEO Eddie Lampert cast blame on the company’s retirees—specifically, pension plan payouts—for draining company coffers......»»

Shares of General Electric NYSE GE have soared this month after the company made the surprising decision to replace CEO John Flannery after just 14 months on the job Investors appear to have far more confidence in his successor Danaher veteran Larry Culp.....»»

General Electric’s pension plan is underfunded by up to $29 billion. If the company isn’t careful, that will become another drain on its already strained resources......»»

The River Heritage Conservancy last year unveiled the detailed plan for Origin Park, a 600-acre project that is expected to be noticeably larger than Cherokee Park once completed......»»

Jack Dorsey's social network Twitter announced plans for its Ticketed Spaces audio-chat rooms. Hosts will have control over prices and avai.....»»

The California State Teachers' Retirement System has named Cassandra Lichnock as the new CEO of the $300 billion retirement fund. Lichnock will be the first female CEO of the pension plan, whose participants are 75% female, CalSTRS said. "Cassandra’s.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Shares of golf equipment manufacturer and Topgolf owner Callaway Golf Company (NYSE: ELY) hit new 52-week highs Tuesday after reporting first-quarter .....»»

Shares of golf equipment manufacturer and Topgolf owner Callaway Golf Company (NYSE: ELY) hit new 52-week highs Tuesday after reporting first-quarter earnings. The company saw revenue at $651 million, up 47% year-over-year and w.....»»

Tesla Inc’s (NASDAQ: TSLA) legal team has been asked by a Delaware judge to hand over documents related to the communication before the company board approved a compensation plan in 2018 for CEO Elon Musk, Associated Press read more.....»»