GE Froze Its Pension Plan. That’s Good News for Its Stock.
(GE) has found another way to cut its financial leverage by overhauling its pension plan. Underfunded pension plans have concerned GE investors in recent years and Wall Street analysts have frequently added the company’s pension-funding gap to its traditional debt balance when assessing its financial health. Monday’s move, which includes a shift away from a so-called defined benefit plan to a defined-contribution system for some 20,000 employees.
Published:10/7/2019 11:12:59 AM