Pension Obligations

RECENT NEWS
Financial Times  Feb 10  Comment 
Retailer vows to cut costs by $1bn and reduce debt and pension obligations by $1.5bn
Reuters  Feb 10  Comment 
Struggling retailer Sears Holdings Corp reported a 10.3 percent drop in comparable store sales for the holiday quarter, and said it would cut debt and pension obligations by at least $1.5 billion this year.
MarketWatch  Jan 20  Comment 
AT&T Inc. disclosed Friday that it expects to record a $1 billion fourth-quarter non-cash charge following a remeasurement of its pension and postemployment benefit plans. The telecom giant said a $3 billion loss was generated after it lowered on...
New York Times  Oct 12  Comment 
The growth in full-time staffing has worried some budget experts, who fear a lack of fiscal discipline at City Hall, and greater pension obligations down the road.
Yahoo  Sep 9  Comment 
Kroger Co, the biggest U.S. supermarket company, reported an 11.5 percent fall in quarterly profit, largely hurt by charges related to restructuring of some pension obligations. Net earnings attributable ...
Forbes  Apr 19  Comment 
Each year in Illinois, increasing pension obligations are consuming more of its taxpayers’ dollars, pushing cities and towns to cut core services and raise property taxes just to keep up with the payments, policy experts say.
New York Times  Mar 17  Comment 
A Citigroup report on 20 nations said pension obligations, much of them unfunded, amounted to nearly twice the countries’ total national debt.
MarketWatch  Oct 2  Comment 
J.C. Penney Co. Inc. on Friday unveiled a plan to reduce its pension obligations by $5 billion, or 25% to 35%. The company said it has already completed a lump-sum offer to participants in the pension plan and entered an agreement with The...
Wall Street Journal  Sep 8  Comment 
More companies are preparing to offer lump-sum pension buyouts to their former employees, taking advantage of tax policies making it possible to reduce their pension obligations and lower their costs.
Reuters  Aug 11  Comment 
Growing pension obligations at Precision Castparts Corp , which Berkshire Hathaway has agreed to buy for $32 billion, highlight an issue that large U.S. corporations still face,...




 
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