As companies spin off new divisions, it's becoming increasingly common for them to curtail pension and retiree health benefits. The trend illustrates not only how much has changed in the treatment of pension obligations, but also raises troubling questions as U.S. businesses embark on a new round of mergers, acquisitions and restructuring. Could such changes offer employers an added opportunity, or perhaps even be a justification in themselves, to unload burdensome retirement benefits?
February 08, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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