US - Unisys is set to freeze its current defined benefit plan at year-end 2006 in a move that will save the company US$700m in the next decade and $45m in the first quarter of 2007 alone.
The shift will not affect retirement benefits already accrued before December 31 2006, with Unisys announcing plans to beef up the company’s 401(k) offering. Unisys said it would redesign the ...
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