Chrysler to freeze U.S. salaried pension plans by Dec. 31

DETROIT, June 14 Fri Jun 14, 2013 12:12pm EDT

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DETROIT, June 14 (Reuters) - Chrysler Group LLC, which is majority owned by Italian automaker Fiat SpA, will freeze its U.S. pension plans for some 8,000 white-collar workers hired before 2004 by the end of the year.

Those workers will be shifted to a defined contribution plan that is offered to salaried workers hired within the last decade, the third-largest U.S. automaker said on Friday.

Chrysler said it decided to make the change partly to comply with U.S. tax regulations.

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Comments (1)
dukesmojo wrote:
So what it is saying is Chrysler to freeze U.S. non-union pension plans by Dec. 31. Why does the media sugarcoat everything from the Liberal left?

Jun 14, 2013 1:13pm EDT  --  Report as abuse
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