US - The Pension Benefit Guaranty Corporation (PBGC) has agreed to provide additional protection for Visteon Corporation's pension plan - covering more than 5,300 former employees of the automotive supplier's closed facilities in Connersville and Bedford, Indiana.
Under the accord, Visteon will accelerate a US$10.5m cash contribution to the plan, provide a US$15m letter of credit and provide for a guarantee by certain affiliates of certain contingent pension...
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