The purchase price is subject to adjustments for working capital and certain liabilities, including
under-funded pension liability and foreign debt.
In an effort to shore up
under-funded pension plans, the Lane Transit District board has voted unanimously to adopt a less expensive plan for administrative employees who are hired after Jan.
McClatchy said in a statement that it would use the most of the proceeds from the deal -- $163 million -- to help refresh its
under-funded pension plan and another big chunk -- $65 million -- to holders of 2017-maturity bonds.
Carney said last week that the company was imposing its offer because it was a good one: a one-year contract with a 1 percent wage increase, a 1 percent signing bonus and a one-time $1.2 million company contribution to the
under-funded pension plan.
BRITISH Airways said today that it had agreed a recovery plan for its
under-funded pension schemes in a move which paves the way for its merger with Spanish rival Iberia.
Embattled US parent Reader's Digest Association (RDA) said it was no longer able to support the UK title after a rescue deal for the firm's
under-funded pension scheme fell through.
(12) There are two recent (2007/08) precedents for this: the UK government has offered compensation to workers of troubled firms with
under-funded pension schemes, and the Parliamentary Ombudsman has recommended that government compensate policy holders of pension provider Equitable Life for losses due to regulatory failures.
With sector focus and industry-leading work in specialist areas such as
under-funded pension schemes, the restructuring and recovery division is going from strength to strength, handling a broad range of assignments.
These losses directly affected AFSCME members through
under-funded pension plans and the need for increased employer contributions.
Almost every week in the media, there is an article about
under-funded pension plans and looming labour shortages.
"They may have more of their fair share of caring responsibilities and financial concerns with a mortgage or an
under-funded pension, or they may be caring for older relatives, or children who haven't flown from the nest.