General Mills to freeze U.S. pension plans at the end of 2027

2017-07-01T01:26:24-07:00July 1st, 2017|Categories: Defined Benefit Plans|Tags: , |

General Mills Inc., Minneapolis, plans to freeze its U.S. defined benefit plans at the end of 2027, according to the company’s annual report filed Thursday with the SEC. Effective Jan. 1, 2028, active employees in the U.S. pension plans, which had a combined $5.925 billion in assets as of May 31, the end of General Mills’ fiscal year, will not accrue additional benefits, according to the 10-K filing with the Securities and Exchange Commission. […]