Chrysler to freeze U.S. salaried pension plans by Dec. 31
DETROIT, June 14
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.