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Goodyear Puts The Brake On Pension Plans

The pension changes include:

  • freezing the current salaried defined benefit pension plans as of December 31, 2008;
  • replacing the defined benefit pension plans with enhanced 401(k) savings accounts with varying levels of company contributions for current associates beginning Jan. 1, 2009; and,
  • introducing company-matching contributions for the salaried 401(k) savings plan at 50 percent of the first 4 percent of annual pay beginning January 1, 2009.

Goodyear Freeze Information

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Posted on Thursday, March 1 by Registered CommenterWise Owl in | Comments Off