Tuesday, February 20, 2007

SureWest to Freeze Pension Plan

SureWest Communications, which serves the Sacramento, California region, said it will freeze its pension plan effective April 1, 2007. The pension plan will be closed to future employees and future benefit accruals for current employees will be discontinued. No employees will lose their previously earned pension benefit. In place of a pension plan, SureWest in introducing a "Total Rewards Program" and putting in place other forms of employee benefits such as enhanced educational reimbursement options, enhanced employee recognition programs and revisions to certain compensation policies.


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