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Boeing To End Pension Plans For Non-union Employees

wochit business
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March 06, 2014 AT 10:26 AM
Boeing Company said on Thursday it will end pension plans for 68,000 non-union employees, including its chief executive. Boeing said it expects to take $110 million non-cash charge in the first quarter for the pension change. Under the latest plan, non-union workers including managers and executives will keep what they have earned in their pensions through December 31, 2015, and then switch to a new defined-contribution retirement plan, Boeing said.