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General Electric Announces U.S. Pension Plan Actions

Oct 13, 2019 - Targeted News Service

General Electric, a manufacturer of appliances, lighting, power systems and other products, issued the following news release:

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- Expects to reduce GE's pension deficit by approximately $5-8 billion

- Multiple changes represent sizable step in Company's deleveraging plan.

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GE (NYSE:GE) announced today that it is taking three actions related to its U.S. retirement benefits as part of its strategic priority to improve its financial position:

1. Freezin...