Retirees' Pensions Were Restored. Debate About It Hasn't Died. – The New York Times
Kathy Greene never paid much attention to what was happening in Congress. But when she learned that her pension would be cut by up to 30% under federal law, she became concerned. Green, who lives in Lake Stevens, Washington, applied for benefits in 2015 after plan participants warned her plan could fail. Her pension was […]
3M to freeze pensions for non-union employees in 2028 – KSTP
Minnesota-based company 3M announced updates to its U.S. non-union pension plan starting in 2028. according to statement issued by the companyPension-eligible employees will continue to receive benefits under the pension plan until the freeze date of December 31, 2028. This decision applies to both 3M and future independent healthcare company U.S. pension plans. Former employees […]
Minnesota-based 3M freezing pensions for non-union employees in 2028 – Star Tribune
3M announced Monday that it will freeze its U.S. non-union pension plans at the end of 2028. The cost-cutting measures apply to 3M employees and employees of the healthcare company that is spinning off this year. “This is an important decision for 3M and will help set both companies up for future success,” CEO Mike […]