DuPont To End Pension Contribution For Active Employees
November 18, 2016 DuPont will no longer contribute to active employees’ pension plans, a move that will affect the retirement of 13,000 workers, including 2,800 in Delaware, reports Jeff Mordock, The News Journal, via USAToday.com.
The Wilmington-area company announced Thursday that workers will stop accruing benefits sometime in November 2018 or the creation date of the first independent company spawned through the proposed $130 billion merger with Dow. Only employees in the United States and Puerto Rico will be affected by this move.
The company also eliminated retirement health benefits, including dental and life insurance for all employees under the age of 50 when the pension contribution ends in about two years.
Read the full story on USAToday.com.
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DuPont To End Pension Contribution For Active Employees
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