DuPont says it will soon stop contributing to active employees' pension plans, a move that will affect the retirement of 13,000 U.S. workers, including 2,800 in Delaware.
The News Journal of Wilmington (http://delonline.us/2fbbUWz ) reports the Delaware-based chemicals company announced Thursday that workers will stop receiving pension contributions either in November 2018 or on the creation date of the first independent company spawned through the proposed $130 billion merger with Dow Chemical.
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The news affects only employees in the U.S. and Puerto Rico. Current retirees' pensions will not be affected.
DuPont expects the changes to reduce its long-term employee benefits obligation by about $550 million.
DuPont closed the pension plan to new employees in 2007.
Information from: The News Journal of Wilmington, Del., http://www.delawareonline.com