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AT&T's pension plan contribution gets tentative OK from government
September 7, 2013 / 12:01 AM / 4 years ago

AT&T's pension plan contribution gets tentative OK from government

(Reuters) - AT&T Inc’s (T.N) proposal to contribute $9.2 billion to $9.5 billion of preferred equity to its pension plan has been tentatively approved by the U.S. Department of Labor, according to a filing.

The AT&T logo is pictured by its store in Carlsbad, California, April 22, 2013. REUTERS/Mike Blake

AT&T plans to contribute 320 million preferred shares to the pension plan. The plan, to be made available for public hearing, if approved, would be effective retrospectively from September 1, 2013. (

The preferred shares will have a market value of about $9.2 billion to $9.5 billion, the labor department filing said.

Reporting by Rohit T. K. in Bangalore; Editing by Bernard Orr

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