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 20,000 jobs over the  next two years and will take a fourth-quarter charge.
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The fall can be an anxious time for employees across the country, 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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Antsy about your retirement plans? Oh, you're already retired? Read on.
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Outsourcing vendor Electronic Data Systems has renewed an agreement for IT services from automation and utility software company Opsware that could be worth $145 million over eight years.
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Four senior executives at Pegasystems Inc. got some very good news one Friday in April 2003. Directors of the Cambridge software company had awarded them a total of 240,000 stock options with an exercise price set to reflect prevailing market prices.
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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 Systems has offered voluntary early retirement options to about 17%, of its U.S. employees and will take a pretax charge of about $150 million in the fourth quarter as a result of the move.
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Electronic Data Systems, the technology-outsourcing company, said Wednesday that it had offered extra retirement benefits to about 12,000 employees in the United States if they would retire early.
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Corporations and politicians are seeking new options for people leaving lifelong careers
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SAN MATEO, Calif. &amp; PLANO, Texas --(Business Wire)-- Aug. 23, 2004 -- Partnership to Create New Opportunities for Business Process Outsourcing Marketplace, with EDS as Charter Member.
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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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Some of the nationâs biggest companies will announce a new program meant to make health insurance available to their former employees ages 55 to 64.
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PARAMUS, N.J. -- A group led by Vornado Realty Trust boosted its offer for Equity Office Properties Trust to $23.24 billion, or $56 per share, in cash and stock on Thursday, topping a private equity firm's buyout bid.
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Nearly 950 Ameren Corp. employees are being offered a voluntary buyout plan that expires Dec. 20. The cost-cutting measure involves about 10 percent of Ameren&#39;s 9,300 employees.
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WASHINGTON -- Employers can reduce their health insurance expenses for retired workers once they turn 65 and qualify for Medicare, the Equal Employment Opportunity Commission has affirmed.
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PLANO, Texas Electronic Data Systems today announced it will offer early retirement incentives to about 92-hundred workers. That&#39;s just over 17 percent of the domestic work force of Plano-based EDS.
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As part of a new law designed to encourage more people to save for retirement, the US Department of Labor has proposed rules to guide companies that automatically enroll workers in certain retirement savings plans, including a 401(k).