Boeing freezes pensions for 68,000 employees

[xchrom]

http://www.bbc.com/news/business-26481148


Boeing says the move will curb the "unsustainable growth" of its long-term pension liability

US aerospace company Boeing has frozen defined-benefit pensions for 68,000 employees, including management and executives.

From January 2016, the funds paid out by new Boeing pensions will be market-dependent.

The switch affects non-unionised employees and follows a pension deal struck with unions in January.

Boeing said the move would curb the "unsustainable growth" of its long-term pension liability.

[liberal N proud]

1. That is the latest corporate trend

Mine was frozen Dec 31, 2013. I also lost a week of vacation.

[Adrahil]

2. My is a professor at a state University...

She is on the state's Teacher Retirement Fund. I can see the retirement nerf coming. We're going to reluctantly move to a 401k-like plan.