Anheuser-Busch plans to freeze its pension plan for salaried employees, eliminate retiree health coverage for new employees and ask retirees to contribute more to their health benefits.
The brewer said defined contribution plans, or 401(k)s, are preferred over defined benefit plans, or pension plans, “because they provide more predictable cash flows and expense for the company,” James Brickey, vice president of people, told salaried employees in an internal memo Wednesday.
Anheuser-Busch to freeze pension, ask retirees to contribute more - St. Louis Business Journal:
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