FairPoint freezes pensions for workers

Published



PORTLAND, Maine (AP) — The employee contract FairPoint is imposing over the objections of two unions representing 2,000 workers in Maine, New Hampshire and Vermont became even more real Tuesday with the company freezing the old pension plan. Later this month, open enrollment begins on a health plan that will require workers to pay for the first time.

The old defined-benefit pension plan was frozen for current employees on Tuesday; future contributions will match employee contributions to individual 401k plans, the company said.

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