GE freezes pension benefits to cut deficit by $8B

Richard Clough

10/07/2019

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…

Register to keep reading or subscribe today and receive unlimited access.
Already a Subscriber?

If you have already logged in and are still seeing this message, please refresh the page as your browser is caching the old content.

Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.