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Pension Plan

Latest Headlines

Latest Headlines

Verizon wins court battle for $7.4 pension transfer sale

Verizon Communications gained a court victory in its move to transfer $7.4 billion of its pension plan beneficiaries to Prudential as a U.S. District Court in Dallas dismissed a suit filed by a group of the telco's retirees.

Verizon retiree pension complaint becomes class action suit

Verizon's management retirees have gained class action status for their case against the telco's move to sell 41,000 protected pensions to The Prudential Insurance Company of America.

Verizon retirees lose bid to block pension transfer

A legal effort to block Verizon's plan to convert pension obligations to an annuity, saying it would cause harm to retirees, was denied by a Texas court on Friday.

AT&T to inject $9.5B into its pension plan

AT&T on Friday announced a plan to direct a $9.5 billion stake of its wireless business to their pension trust that provides benefits for 360,000 of its retired employees.

Verizon to report $600 million pension charge in 2010 earnings

Verizon (NYSE: VZ) is going to have to take a $600 million hit in its 2010 full year earnings because of a change in the way it reports pension benefits, reports Reuters. The service provider, which

AT&T takes $2.7 billion charge in Q4 from pension accounting change

As AT&T (NYSE: T) gets ready to release Q4 2010 earnings in about two weeks, the service provider will have to take out about $2.7 billion, a factor it attributes to how it handles accounting for