US PBGC says Chrysler pensions remain intact

Newswire

WASHINGTON, April 30 (Reuters) - Chrysler's employee pension plans remain in force as the company seeks to complete its restructuring in bankruptcy, the U.S. pension insurer said on Thursday. "As the bankruptcy process unfolds, the (Pension Benefit Guaranty Corp) will work with Chrysler, its unions, and all other stakeholders to ensure continuation of the pension plans," the agency's acting director, Vince Snowbarger, said in a statement. Chrysler holds pension accounts for both factory ...

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