July 30, 2021
Lockheed Martin had already begun cutting benefits before the Coronavirus took its toll on the world economy. According to Barron’s, “Lockheed Martin (LMT) finished freezing its defined-benefit ...
March 08, 2021
As a recruiter, I’m often asked about benefit packages offered by certain companies. Over the last year many Fortune 500 companies have made substantive changes to employees’ benefits with most of ...
February 04, 2021
In order to cut costs, Lockheed Martin made the decision to freeze its pension plan back in 2016, and recently offloaded $4.9 billion in pension liabilities to Athene Annuity and Life Co., per ...