DuPont Offers Some Pensioners Buyouts or Annuities - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

DuPont Offers Some Pensioners Buyouts or Annuities

Posted: 09/07/2017 07:40:00 -04:00 Updated:
DuPont's headquarters in Wilmington, Del.(Photo credit: KYW) DuPont's headquarters in Wilmington, Del.(Photo credit: KYW)

WILMINGTON, Del. (AP)- DuPont has offered pension buyouts or annuities to about 9,500 of its U.S. retirees.

The News Journal reports the company made the offer last week, just before it completed a nearly $150 billion merger with The Dow Chemical Co. The companies are now operating as DowDuPont.

Retirees can exchange their pensions for a lump-sum buyout or small monthly annuity. By accepting the offer, the former workers wouldn't have to wait until they reach 62 to collect a traditional pension.

Getting some retired workers off the books could help close a pension gap that exceeded $8 billion at the start of the year.

Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices