Arconic to freeze pension plans [Seeking Alpha]
Arconic Corporation (ARNC)
Last arconic corporation earnings: 1/27 06:50 am
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US:NYSE Investor Relations:
arconic.com/global/en/investors/overview.asp
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Source: Seeking Alpha
Arconic to freeze pension plansArconic (NYSE:ARNC) isfreezing U.S. defined benefit pension plans for all U.S.-based salaried and non-bargained hourly employees, effective April 1, 2018.As a result, in the first quarter of 2018, the company expects to record a liability decrease of approximately $140M related to the reduction of future benefits and a curtailment charge of approximately $5M pre-tax.For the full year 2018, the company expects pension-related expense to be lower by approximately $50M pre-tax compared to 2017 full-year expenses.Click to subscribe to real-time analytics on ARNCNow read:Intuit goes ex-dividend tomorrow »
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