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Companies That Have Changed Their Defined Benefit Pension Plans

Below is a list of employers that have announced significant changes to their defined benefit pension plans since December 2005. Changes include plan terminations, plan freezes for new and/or current employees, and changes to the formula by which pension benefits are calculated. For specifics, click on the employer's name to see the company's press release, SEC filing or news story announcing the change.

(Note: this is not a comprehensive list. These are only the changes that we are aware of, based on corporate press releases, news reports and other sources. This list does not include distress terminations or changes that have been made through the collective-bargaining process.)

Read our fact sheet on pension freezes. Visit our Reports page for studies on pension freezes and other topics. We also have similar lists of companies that are offering lump-sum pension buyouts and companies that have reduced or eliminated their matching contributions to employees' 401(k) plans.

Announcement Date
Employer
Effective Date
03/06/2014 Boeing 12/31/2015
02/12/2014 Major League Baseball unknown
02/11/2014 Erlanger Health System 06/21/2014
01/15/2014 News Corp 03/01/2014
12/18/2013 Vernon, VT 07/01/2014
11/07/2013 Archdiocese of Philadelphia 06/30/2014
09/30/2013 Huntington Bancshares (p. 116) 12/31/2013
September 2013 Honda Motor Co., Ltd. (p. 29) 01/01/2014
06/17/2013 Northshore University Health System 12/31/2013
06/14/2013 Chrysler Group LLC 12/31/2013
June 2013 Unum Group (p. 15 of the PDF) 12/31/2013
05/30/2013 Exelis, Inc. 12/31/2016
05/17/2013 Arkansas Best 07/01/2013
05/16/2013 Dartmouth-Hitchcock 12/31/2017
05/14/2013
Rogers Corporation
06/30/2013
02/07/2013
Macy's, Inc.
12/31/2013
01/29/2013
Anixter International Inc.
12/31/2013
December 2012
Genuine Parts Company
12/31/2013
10/26/2012
NBCUniversal/Comcast Corporation (p. 12)
12/31/2012
10/25/2012
Aurora Health Care
12/31/2012
10/17/2012
Verizon Communications Inc.
December 2012
08/28/2012
Sysco Corp. (p. 10)
12/31/2012
08/09/2012
Energy Future Competitive Holdings Company
unknown
06/01/2012
General Motors
10/01/2012
03/21/2012
Herman Miller, Inc.
09/01/2012
03/07/2012
American Airlines
unknown
02/23/2012
Bank of America Corporation (Note 19, p. 245)
06/30/2012
12/13/2011
American Woodmark Corporation
05/01/2012
12/07/2011
The McGraw-Hill Companies, Inc.
04/01/2012
11/07/2011
01/01/2012
11/02/2011
12/31/2011
10/17/2011
Visteon Corporation (p. 15)
12/31/2011
10/10/2011
Crain Communications
01/01/2012
08/04/2011
Alaska Airlines (p. 14) 
01/01/2014
unknown
07/01/2011
05/12/2011
TBD
05/10/2011
01/01/2012
02/12/2011
Central Maine Healthcare 03/31/2011
01/26/2011
Noble Hospital 04/15/2011
12/14/2010
General Electric (p. 12) 12/31/2010
10/26/2010
Associated Press 06/30/2011
10/21/2010
United Space Alliance 12/31/2010
10/15/2010
Journal Communications
01/01/2011
09/27/2010
Western & Southern Financial Group
01/01/2011
08/26/2010
Caterpillar, Inc.
2011
05/13/2010
Condé Nast 07/01/2010
04/29/2010
Tampa Bay Buccaneers 07/01/2010
04/23/2010
Washington Redskins 07/01/2010
04/22/2010
Shands Healthcare 07/01/2011
03/20/2010
HSBC Bank USA early 2011
02/16/2010
09/01/2010
02/16/2010
Kraft Foods Inc.
12/31/2019
02/12/2010
National Penn Bancshares (p.113) 03/31/2010
unknown
City of Franklin, Tennessee
02/01/2010
12/31/2009
Augsburg Fortress 03/05/2010
11/12/2009
Pitney Bowes Inc.
12/31/2014
11/10/2009
New York Times Company (p. 36)
01/01/2010
11/05/2009
Sunoco, Inc.
07/01/2010
11/02/2009
Qwest Communications
01/01/2010
10/27/2009
St. Barnabas Health Care System
01/2010
10/07/2009
FMC Technologies
12/31/2009
09/24/2009
Regional Medical Center
01/01/2010
08/05/2009
Detrex Corporation
unknown
05/20/2009
Computer Sciences Corporation 07/10/2009
05/14/2009
The Washington Hospital
07/01/2009
05/18/2009
Dow Jones
07/03/2009
05/14/2009
Willis Group Holdings Ltd.
05/15/2009
05/13/2009
Lower Bucks Hospital
06/30/2009
05/11/2009
CIGNA
07/01/2009
05/07/2009
Boise Cascade Holdings, L.L.C.
12/31/2009
05/06/2009
Cooper Tire & Rubber Co.
unknown
05/04/2009
Wells Fargo
07/01/2009
04/22/2009
Kimberly-Clark Corporation
01/01/2010
04/08/2009
Anheuser-Busch
01/01/2012
03/23/2009
Advance Publications
05/15/2009
03/02/2009
Talbots, Inc.
05/01/2009
02/27/2009
B&C Trucking Company
unknown
02/25/2009
Regions Financial Corporation* (temporary, see p. 12)
04/16/2009
02/19/2009
E.W. Scripps Company
unknown
02/16/2009
Sparton Corporation
04/01/2009
02/13/2009
Atlanta Convention and Visitors Bureau
01/01/2009
02/05/2009
Aon Corporation
04/01/2009
02/05/2009
Cincinnati Bell
03/28/2009
02/05/2009
McClatchy Company
03/31/2009
01/15/2009
Saks, Inc.
01/30/2009
12/23/2008
Albany International Corporation
02/28/2009
12/23/2008
Seattle Times
02/06/2009
12/17/2008
Motorola
03/01/2009
12/17/2008
GenCorp Inc.
02/01/2009
11/21/2008
Random House, Inc.
12/31/2008
11/11/2008
Evening Post Publishing
01/10/2009
11/10/2008
R.H. Donnelly Corporation
01/01/2009
10/22/2008
New York Times Company
01/01/2009
09/24/2008
Xerium Technologies, Inc.
12/31/2008
09/15/2008
Equifax
01/01/2009
07/08/2008
YRC Worldwide Inc.
07/01/2008
06/24/2008
Boeing
01/01/2009
06/11/2008
Gannett
08/01/2008
04/25/2008
Standard Register
unknown
04/16/2008
Beneficial Mutual Bancorp Inc.
06/30/2008
03/31/2008
3M
01/01/2009
02/12/2008
Bryn Mawr Bank Corporation
03/31/2008
02/2008
Northrop Grumman
07/01/2008
12/05/2007
Neiman Marcus, Inc.
12/31/2007
11/16/2007
Milacron Inc. (see p. 22)
12/31/2007
11/06/2007
Foamex International Inc.
01/01/2008
10/02/2007
Haynes International, Inc.
01/01/2008
09/24/2007
State Street Corp.
01/01/2008
09/11/2007
Andersen Corp.
01/01/2008
09/07/2007
Delphi Corporation
TBD
09/04/2007
Waters Corporation
12/31/2007
08/09/2007
Center Bancorp, Inc.
09/30/2007
07/17/2007
Dow Chemical Company
01/01/2008
05/01/2007
ArvinMeritor, Inc.
01/01/2008
04/24/2007
NASDAQ
05/01/2007
04/12/2007
Dun & Bradstreet Corp.
06/30/2007
03/29/2007
Fidelity Investments
06/01/2007
03/20/2007
Dana Corporation
07/01/2007
02/28/2007
Tecumseh Products Co.
05/01/2007
02/28/2007
Goodyear Tire & Rubber Company (p. 68)
01/01/2008
02/27/2007
FedEx
06/01/2008
02/23/2007
SureWest Communications
04/10/2007
02/20/2007
HP (Hewlett-Packard)
01/01/2008
02/16/2007
SunTrust Banks Inc.
01/01/2008
01/11/2007
Ryder System, Inc.
01/01/2008
11/30/2006
Shenandoah Telecommunications
01/31/2007
11/29/2006
Kershaw County Medical Center
01/01/2007
11/15/2006
North Pittsburgh Telephone Co.
12/31/2006
11/08/2006
Whirlpool Corporation
01/01/2007
11/08/2006
Vought Aircraft Industries, Inc.
12/31/2007
11/03/2006
Citigroup (p. 95)
01/01/2008
11/02/2006
Belo Corp.
03/31/2007
11/01/2006
Aon Corporation
01/01/2007
11/01/2006
Met-Pro Corporation
12/31/2006
11/31/2006
Lenox Group Inc.
01/01/2007
10/30/2006
MeadWestvaco Corporation
01/01/2007
10/30/2006
Michelin
01/01/2017
10/26/2006
Tredegar Corporation
12/31/2007
10/19/2006
Journal Register Company
01/01/2007
10/18/2006
LSB Corporation
12/31/2006
10/17/2006
Con-Way Inc.
12/31/2006
10/11/2006
Remington Arms Company, Inc.
01/01/2008
10/10/2006
The Hershey Company
01/01/2007
09/27/2006
NCR Corporation
01/01/2007
09/20/2006
Calgon Carbon Corporation
12/31/2006
09/07/2006
Alliant Techsystems
01/01/2007
08/31/2006
Flushing Financial Corporation
09/30/2006
08/28/2006
DuPont
01/01/2008
08/23/2006
Tenneco Inc.
01/01/2007
08/08/2006
Blount International, Inc.
01/01/2007
08/01/2006
Harry & David Operations Corp.
07/01/2007
07/21/2006
Reynolds and Reynolds Company
10/01/2006
06/29/2006
The Stride Rite Corporation
12/31/2006
06/27/2006
Nortel
01/01/2008
06/23/2006
G&K Services, Inc.
01/01/2007
06/15/2006
Bandag, Incorporated
12/31/2006
05/15/2006
Media General, Inc.
12/31/2006
05/01/2006
Lydall, Inc.
06/30/2006
04/27/2006
A.T. Cross Company
05/20/2006
03/22/2006
Unisys Corporation
12/31/2006
03/20/2006
Lincoln Electric Holdings, Inc.
01/01/2006
03/07/2006
General Motors Corp.
01/01/2007
02/23/2006
Wellpoint, Inc.
01/01/2006
02/22/2006
Coca-Cola Bottling Co. Consolidated
06/30/2006
02/20/2006
Stepan Company
07/01/2006
02/15/2006
Ferro Corporation
04/01/2006
01/26/2006
Harleysville Group Inc.
04/01/2006
01/24/2006
Lexmark International, Inc.
05/01/2006
01/19/2006
Russell Corporation
04/01/2006
01/16/2006
Alcoa
03/01/2006
01/13/2006
Armstrong World Industries, Inc.
03/01/2006
01/05/2006
IBM
01/01/2008
12/05/2005
Verizon Communications Inc.
07/01/2006
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