GE freezes pension benefits to cut deficit by $8B

GENERAL ELECTRIC is freezing pension benefits for more than 20,000 United States employees. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
GENERAL ELECTRIC is freezing pension benefits for more than 20,000 United States employees. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT
NEW YORK – General Electric Co. took another step to cut the debt hampering its turnaround, freezing pension benefits for more than 20,000 United States employees. The company also plans to pre-fund $4 billion to $5 billion of its estimated requirements for 2021 and 2022, according to a statement Monday. The moves will help trim…

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