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Boeing said it expects to take a $110 million non-cash charge in the first quarter for the pension change. Boeing said the defined-contribution plans allow it to "better predict and manage financial risks."
Boeing said on Thursday it will end pension plans for 68,000 non-union employees, including its chief executive.
NEW YORK, March 6- Boeing Co said on Thursday it will end pension plans for 68,000 non-union employees, including its chief executive. Boeing said it expects to take $110 million non-cash charge in the first quarter for the pension change.
CNBC's Phil LeBeau reports Boeing is going to end pension plans for non-union employees starting in 2016.
The judge in the historic Detroit bankruptcy has laid out the next steps for city, which could have the it emerging from bankruptcy by fall.
Detroit this week is expected to reveal its plan to settle with its creditors and emerge from bankruptcy.
CNBC's Mary Thompson reports how a strong market pushed corporate pension funding in the S&P 500 and Fortune 1000 over 90 percent in 2013.
A state court judge has barred the city of San Jose from imposing voter-approved pension cuts on current municipal workers.
In an exclusive interview with Larry Kudlow, Rep. Paul Ryan, R-Wis., discusses the budget deal, the Fed's decision to taper, and veterans' pensions.
Rep. Paul Ryan (R-WI), House Budget Committee chairman, weighs in on how the passed budget plan will impact disabled veterans' pension. We owe so much to the men and women who fight for us: veterans will not take a 1 percent pension reduction, says Ryan.
Costly pensions are being blamed for the financial bind hitting U.S. cities. But bad management played a bigger role, says a new report.
CNBC.com's managing editor Allen Wastler shares what's hot on the website today, including Politico's Ben White's article on what could mess up the budget deal.
Before Detroit filed for bankruptcy, there was Stockton. The California city is nearly ready to climb out of bankruptcy but faces pension woes ahead.
CNBC's Rick Santelli and Governor Patrick Quinn (D-IL), discuss the historic overhauling of the state's pension system and the bill Gov. Quinn signed yesterday.
Illinois lawmakers were poised Tuesday to vote on a plan to solve the state's $100 billion pension crisis.
CNBC's Rick Santelli breaks down the worst underfunded pension in the country in Illinois.
A Japanese government panel has recommended sweeping changes to the government pension investment fund, the world's largest.
CNBC's Scott Cohn reports that the Chicago, public pension problem is among the worst in the nation.
CNBC's Scott Cohn reports Chicago, IL, along with being the murder capital of America, also has one of the worst pension situations in the country.
No city has as serious a pension issue as Chicago, reports CNBC's Scott Cohn. Nationwide, the municipal pension debt ranges from $800 billion-$4 trillion, he adds.