Energy Future Holdings plans to terminate some pensions
Energy Future Holdings, the former TXU Corp. that is struggling with massive debt, told some workers Tuesday that it plans to freeze their pensions effective Sept. 25 and terminate the pensions by year's end.
EMPLOYERS PLAN to significantly reduce the future pension benefits they pay to their staff, with one in five major defined benefit schemes either winding up or reviewing the future of their schemes, according to a survey by PricewaterhouseCoopers.