Abstract
D UPONT LAST WEEK ANnounced a money-saving change to its U.S. employee retirement options. Under the new plan, the company will change its definedbenefits pension plan, which is fundedby the company, andupgrade its employee savings plan to a savings-andinvestment retirement plan, or a 401(k). The move will add $0.03 per share in 2007 and $0.05 per share thereafter. As the new savings plan is phased in, the company's defined-benefits pension program will continue for current employees, but after 2007, DuPont's contribution will be lowered by one-third of its current level. The new savings plan, which will take effect in January 2008, will include 100% employee participation with a company contribution of 3% of each employee's pay into the worker's account. In addition, employees who add their own contributions to the plan will receive a 100% company match on the first 6% of their savings. The new savings plan will begin onjan. 1,2007, for new employees, ...
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
