Companies That Have Changed Their Defined Benefit Pension Plans

Below is a list of employers that have announced significant changes to their defined benefit pension plans since December 2005. Changes include plan terminations, plan freezes for new and/or current employees, and changes to the formula by which pension benefits are calculated. For specifics, click on the employer's name to see the company's press release, SEC filing or news story announcing the change.

(Note: this is not a comprehensive list. These are only the companies that we are aware of, based on corporate press releases, news reports and other sources.)

Read our fact sheet on pension freezes. Visit our Reports page for studies on pension freezes and other topics.

Announcement Date
Employer
Effective Date
07/08/2008 YRC Worldwide Inc. 07/01/2008
06/24/2008 Boeing 01/01/2009
06/11/2008 Gannett 08/01/2008
04/25/2008 Standard Register
unknown
04/16/2008 Beneficial Mutual Bancorp Inc. 06/30/2008
03/31/2008 3M 01/01/2009
02/12/2008 Bryn Mawr Bank Corporation 03/31/2008
02/2008 Northrop Grumman 07/01/2008
12/05/2007 Neiman Marcus, Inc. 12/31/2007
11/16/2007 Milacron Inc. (see p. 22)
12/31/2007
11/06/2007 Foamex International Inc. 01/01/2008
10/02/2007 Haynes International, Inc. 01/01/2008
09/24/2007 State Street Corp. 01/01/2008
09/11/2007 Andersen Corp. 01/01/2008
09/07/2007 Delphi Corporation
TBD
09/04/2007 Waters Corporation 12/31/2007
08/09/2007 Center Bancorp, Inc. 09/30/2007
07/17/2007 Dow Chemical Company 01/01/2008
05/01/2007 ArvinMeritor, Inc. 01/01/2008
04/24/2007 NASDAQ 05/01/2007
03/29/2007 Fidelity Investments 06/01/2007
03/20/2007 Dana Corporation 07/01/2007
02/28/2007 Tecumseh Products Co. 05/01/2007
02/28/2007 Goodyear Tire & Rubber Company 01/01/2008
02/27/2007 FedEx 06/01/2008
02/23/2007 SureWest Communications 04/10/2007
02/20/2007 HP (Hewlett-Packard) 01/01/2008
02/16/2007 SunTrust Banks Inc. 01/01/2008
01/11/2007 Ryder System, Inc. 01/01/2008
11/30/2006 Shenandoah Telecommunications 01/31/2007
11/29/2006 Kershaw County Medical Center 01/01/2007
11/15/2006 North Pittsburgh Telephone Co. 12/31/2006
11/08/2006 Whirlpool Corporation 01/01/2007
11/08/2006 Vought Aircraft Industries, Inc. 12/31/2007
11/03/2006 Citigroup 01/01/2008
11/02/2006 Belo Corp.
03/31/2007
11/01/2006 Aon Corporation
01/01/2007
11/01/2006 Met-Pro Corporation
12/31/2006
11/31/2006 Lenox Group Inc.
01/01/2007
10/30/2006 MeadWestvaco Corporation 01/01/2007
10/30/2006 Michelin 01/01/2017
10/26/2006 Tredegar Corporation
12/31/2007
10/19/2006 Journal Register Company
01/01/2007
10/18/2006 LSB Corporation
12/31/2006
10/17/2006 Con-Way Inc. 12/31/2006
10/11/2006 Remington Arms Company, Inc. 01/01/2008
10/10/2006 The Hershey Company 01/01/2007
09/27/2006 NCR Corporation 01/01/2007
09/20/2006 Calgon Carbon Corporation 12/31/2006
09/07/2006 Alliant Techsystems 01/01/2007
08/31/2006 Flushing Financial Corporation 09/30/2006
08/28/2006 DuPont 01/01/2008
08/23/2006 Tenneco Inc. 01/01/2007
08/08/2006 Blount International, Inc. 01/01/2007
08/01/2006 Harry & David Operations Corp. 07/01/2007
07/21/2006 Reynolds and Reynolds Company 10/01/2006
06/29/2006 The Stride Rite Corporation 12/31/2006
06/27/2006 Nortel 01/01/2008
06/23/2006 G&K Services, Inc. 01/01/2007
06/15/2006 Bandag, Incorporated 12/31/2006
05/15/2006 Media General, Inc. 12/31/2006
05/01/2006 Lydall, Inc. 06/30/2006
04/27/2006 A.T. Cross Company 05/20/2006
03/22/2006 Unisys Corporation 12/31/2006
03/20/2006 Lincoln Electric Holdings, Inc. 01/01/2006
03/07/2006 General Motors Corp. 01/01/2007
02/23/2006 Wellpoint, Inc. 01/01/2006
02/22/2006 Coca-Cola Bottling Co. Consolidated 06/30/2006
02/20/2006 Stepan Company 07/01/2006
02/15/2006 Ferro Corporation 04/01/2006
01/26/2006 Harleysville Group Inc. 04/01/2006
01/24/2006 Lexmark International, Inc. 05/01/2006
01/19/2006 Russell Corporation 04/01/2006
01/16/2006 Alcoa 03/01/2006
01/13/2006 Armstrong World Industries, Inc. 03/01/2006
01/05/2006 IBM 01/01/2008
12/05/2005 Verizon Communications Inc. 07/01/2006