Blogging Employee Benefits

March 22, 2006

Pension Ice Ace Freezes Unisys

Filed under: Pensions — Fuguerre @ 10:33 am

“We think these changes have struck the appropriate balance between controlling our pension costs and continuing to help our employees prepare for retirement.”

Unisys has decided to freeze its U.S. defined benefit pension plans effective 12/31/2006. Beginning 1/1/2007, the company’s stock-based matching contribution to its defined contribution savings plan will be increased to 100 percent of up to 6 percent of eligible pay, up from the current match of 50 percent of up to 4 percent. [Press release]

1 Comment »

  1. I am an “OLD SPERRY INFORMATION SYSTEMS employee and I am currently embroiled in a redemption request with SPERRY. In 1983 I was vested in SPERRY’s pension system now I am trying to get the company to give me access to my pension funds. This redemption has been going on since 1987 I have been receiving statements of the pension funds finances for the last 5 years but I have not been able to get the stooges to give me access to my 401k or Kehog. What is up with this pension freeze?? Is this only for new pensions or will this adversely affect me if I should ever receive my benefits from the company.

    Comment by Kenneth Basil Jackson Jr. — April 11, 2006 @ 10:14 pm

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