FedEx, Goodyear freeze DB plans

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US - Goodyear and FedEX Corporation are to freeze their defined benefit pension plans as the funds look to cut millions from their pension outlays.

Goodyear alone is expected to save nearly US$200m by end 2008 as it shifts employees to a 401(k) retirement plan over that period. FedEx said it would also shift employees to a cash balance plan a...

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