People & Business :: Talent Management
Dow Changes Retirement Program for New Hires
2:53 PM MDT | July 25, 2007 | Nancy Seewald
Dow Chemical says it will offer a “modernized” retirement plan to all new U.S. hires starting January 1, 2008 “to attract and retain next-generation employees.” Under the new plan, Dow will contribute 5% of pay, plus interest, into a pension account, and employees will be eligible to take the value of their pension as a lump sum whenever they leave the company after a three-year vesting period. Dow says that under the current plan, the pension formula is based on the employee’s final average salary, while the new plan will be based...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee