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3M to Freeze Pension Plans in 2028: Will Other Companies Follow Suit?
The conglomerate announced its plan to halt pensions for non-union workers shortly after IBM's announcement that it will resurrect defined-benefit plans.
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According to Russell’s 2023 Prudent Pension Funding Report, 97% of corporate pension plans will reach ’healthy’ status within 10 years.
AT&T Seeks to Dismiss Lawsuits Targeting Pension Risk Transfers for 96,000 Participants
Retirees claim that AT&T selected a “risky” insurer to conduct the $8.05 billion transfer of plan assets, but the company claims it is not responsible for a decision made by its independent fiduciary.
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