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Posted on: Oct. 7, 2019, 6:31 p.m.
General Electric (GE) is freezing pension plans that cover around 20,000 U.S. employees with salaried benefits. Facing financial difficulties and turmoil in the stock market, GE is attempting to lower its pension deficit by up to US$ 8 billion. GE commented that the freeze is effective January 1, 2021. GE’s pension plan was closed to […] Full investment news articleRelevent to this post: General Electric Investment Corp ,