1-3 of 3 results for Steelworkers Pension Trust
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  • July 26, 2007

    Wall Street Despatch: Pensions worry CEOs

    ...shifted 20 per cent of its $101bn pension portfolio into bonds, taking their...liabilities as a possible model for pension plans. In December, Goodyear Tire & Rubber reached agreement with the United Steelworkers union to pay $1bn into a health-care trust to take on the medical benefit liabilities...are the health benefits equivalent of pension plan “terminations” that McKinsey... By David Wighton in New York
  • July 25, 2007

    Pensions worry CEOs

    ...shifted 20 per cent of its $101bn pension portfolio into bonds, taking them...liabilities as a possible model for pension plans. In December, Goodyear Tire & Rubber reached agreement with the United Steelworkers union to pay $1bn into a health-care trust to take on the medical benefit liabilities...approved by regulators to take over pension liabilities are insurance companies... By David Wighton in New York
  • July 17, 2007

    Weakness may align union and US carmakers

    ...agree pragmatic deals. At Goodyear this year, the United Steelworkers union agreed to assume management of a healthcare liability...a $1bn payment from the tyre producer into a type of trust known as a voluntary employee beneficiary association. The steelworkers and the UAW signed a similar deal this month with Dana, a bankrupt...through new debt or shares; GM also has an overfunded pension plan. “There are a lot of cards that can be played... By John Reed and Bernard Simon
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