x

Society

DuPont Ending Workers Pensions

November 18, 2016

WILMINGTON, Del. — DuPont says it will soon stop contributing to active employees’ pension plans, a move that will affect the retirement of 13,000 U.S. workers, including 2,800 in Delaware.

The News Journal of Wilmington reports the Delaware-based chemicals company announced Thursday that workers will stop receiving pension contributions either in November 2018 or on the creation date of the first independent company spawned through the proposed $130 billion merger with Dow Chemical.

The news affects only employees in the U.S. and Puerto Rico. Current retirees’ pensions will not be affected.

DuPont expects the changes to reduce its long-term employee benefits obligation by about $550 million. DuPont closed the pension plan to new employees in 2007.

RELATED

SEATTLE  — A former Washington state police officer wanted after killing two people, including his ex-wife, was found dead with a self-inflicted gunshot wound following a chase in Oregon, authorities said Tuesday.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

A Palestinian Baby in Gaza is Born an Orphan in an Urgent Cesarean Section after an Israeli Strike

RAFAH, Gaza Strip (AP) — Sabreen Jouda came into the world seconds after her mother left it.

SEATTLE  — A former Washington state police officer wanted after killing two people, including his ex-wife, was found dead with a self-inflicted gunshot wound following a chase in Oregon, authorities said Tuesday.

WASHINGTON (AP) — The Senate passed legislation Tuesday that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.

AUSTIN - Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.