DuPont to adjust US pension & savings plans in 2008
29 Aug '06
3 min read
The company-paid survivor benefit, provided through the pension plan, will not continue to grow with service or pay after Dec. 31, 2007. The benefit employees will have earned up to that date will be fully preserved.
Effective January 1, 2007, new hires will participate in the enhanced savings plan. They will not be eligible to participate in the Pension and Retirement Plan and will not receive a company subsidy for retiree healthcare or retiree life insurance.
The changes do not affect DuPont's current U.S. retirees, former employees with vested benefits or current employees who retire or terminate prior to January 1, 2008.
DuPont is a science company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere.
Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.
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