On ice Goodyear will freeze USW pension plans

2014-03-11T00:04:34-07:00February 24th, 2014|Categories: Defined Benefit Plans|Tags: , |

Goodyear will completely freeze its defined benefit pension plan covering union employees on April 30. The Akron-based tire manufacturer disclosed the plan Feb. 13, noting the freeze was agreed to as part of a four-year contract with the United Steelworkers that was ratified last August. Under that agreement, Goodyear could fully fund the plan any time during the four-year contract, with a freeze going into effect 90 days later. Goodyear disclosed in its 10K report for 2013—released Feb. 13—that [...]