Posts in tag

pension


General Electric is freezing the pensions of 20,000 U.S. salaried workers to reduce billions in future pension obligations and trim debt. About 700 employees in its supplemental pension program, geared toward executives, will also have their pension benefits frozen. The company said the change won’t impact already retired GE workers. General Electric announced it will freeze …

General Electric is still trying to defend itself against accusations of accounting issues. SEC said they are monitoring the situation. General Electric is making sweeping changes to its pension plan for approximately 20,000 employees, sending shares higher ahead of Monday’s opening bell. Ticker Security Last Change Change % GE GENERAL ELECTRIC COMPANY 8.57 -0.14 -1.61% …

Please enable Javascript to watch this video PARAMUS, NJ – After school Thursday, hundreds of educators hoisted signs along Route 17 to get the attention of drivers and the state legislature. “I work three jobs,” said middle school science teacher Claire Dates, who added that the cost of benefits is outpacing her income. “You end …