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Dept. of Labour grants AT&T tentative pension plan approval

Monday 9 September 2013 | 15:00 CET | News
The US Department of Labour has granted AT&T tentative approval to contribute up to USD 9.5 billion of preferred equity to its pension plan, bringing the company closer to fully funded status, reported The Wall Street Journal. The Labour Department posted a "notice of proposed exemption" on 6 September saying AT&T would be allowed to exceed federal limits that prohibit the company from putting more than 10 percent of its own stock into its pension plan. The proposal is currently open for public comment and would be retroactively effective as of 1 September if formally approved. In 2012,

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Categories: Mobile & Wireless
Companies: AT&T / AT&T Mobility
Countries: United States
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