pension freeze – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 22:24:05 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 3M freezing U.S. DB pension plans for non-union employees by end of 2028 https://www.benefitscanada.com/pensions/defined-benefit-pensions/3m-freezing-u-s-db-pension-plans-for-non-union-employees-by-end-of-2028/ Wed, 10 Jan 2024 20:00:11 +0000 https://www.benefitscanada.com/?p=150125 3M will freeze its U.S. defined benefit pension plans for non-union U.S. employees, effective Dec. 31, 2028, and move plan members to a 401(k) plan structure. Eligible employees will continue to accrue benefits under the pension plans until the freeze date, according to a press release, which noted this decision applies to both 3M and 3M Health Care. Former […]

The post 3M freezing U.S. DB pension plans for non-union employees by end of 2028 appeared first on Benefits Canada.com.

]]>