EDS Sets Voluntary Retirement Offer
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Electronic Data Systems  on Tuesday  made a voluntary early retirement offer to about 9,200 U.S.  employees as part of its plan to reduce up to 20,000 jobs over  the next two years to cut its costs.
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Time is on their side when it comes to earning money for retirement.
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Enron Corp. will pay $321 million from  the proceeds of its sale of its pipeline arm to fund pension  plans for thousands of former employees, a government pension  agency said on Monday.
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The fall can be an anxious time for employees, as companies hold their annual open enrollment periods and invite workers to choose benefits from a complex range of health insurance, disability coverage, and retirement savings alternatives.
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Boston Scientific said in a filing it changed its retirement plan to enable key employees to exercise stock options for up to three years after they leave the company, compared to 90 days before the change. The company modified the terms of stock options awarded prior to May 2001 so employees could take advantage of the longer period. The company ...
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The military offers a great retirement plan option.
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Enlist the help of your boss and Uncle Sam to help you build your retirement nest egg.
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Electronic Data Systems Corp. , the second-largest computer-services company, plans to offer early retirement to 12,000 employees, a quarter of its US workforce, after orders plunged last quarter.
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WASHINGTON, Feb. 14  /PRNewswire-USNewswire/ -- The U. S. Department of Labor (DOL) today announced an interim final rule requiring the distribution of 401(k) type benefits for missing non-spouse beneficiaries from terminated plans to be rolled into individual retirement accounts (IRAs).
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Electronic Data SystemsÂ (EDS) has agreed to pay $490,902 to settle a U.S. Securities and Exchange Commission investigation into accounting irregularities, the agency said Tuesday.
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By Karla Ward, Lexington Herald-Leader, Ky.  Dec. 13--Ashland Inc. is offering a voluntary buyout package to 1,100 of  its 12,000 employees, including several hundred in Lexington.
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Electronic Data Systems Corp. (EDS) plans to lay off between 15,000 and 20,000 employees over the next two years as part of an effort to slash $3 billion in costs, the company's Chairman and Chief Executive Officer Michael Jordan said Thursday during a question-and-answer session at a conference.
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Employers may continue the long-standing practice of taking Medicare into account when structuring the health care benefits voluntarily provided their retired workers, says the Equal Employment Opportunity Commission in a rule published in response to a 2000 court decision.
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WASHINGTON -- The Labor Department proposed a $12 million agreement on Thursday with the estate of Kenneth Lay, the deceased founder of Enron Corp., to settle claims involving mismanagement of workers' pension plans.
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The deal is said to include annual pay cuts of about 19.5 percent and reductions in contributions to retirement benefits.
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A law making it easier for employers to automatically enroll their employees in 401(k) and other retirement plans goes into effect tomorrow.
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PLANO, Texas - Electronic Data Systems Corp. said Tuesday it would offer early retirement incentives to 9,200 US workers, or 17.4 percent of its domestic work force, and expects to take a $150 million charge in the fourth quarter to cover the costs.