Verizon Communications Inc.

17 companies set pension contributions totaling $10 billion for 2014

Seventeen companies have announced projected contributions to their defined benefit plans totaling more than $10 billion since Feb. 14, according to 10-K filings with the Securities and Exchange...

February 28, 2014 | 07:59 pm
Verizon to dial up $1.4 billion for DB plans in 2014

Verizon to dial up $1.4 billion for DB plans in 2014

Verizon Communications Inc., New York, will contribute approximately $1.2 billion to its qualified defined benefit plans and about $200 million to its nonqualified plans in 2014.

February 28, 2014 | 04:03 pm
Why I left Verizon

Why I left Verizon

Just over 10 years ago, when I took over the Verizon Savings Plans, I found what has become the biggest passion of my lifetime: helping hard-working folks put enough money aside in their 401(k) plans ...

July 02, 2013 | 12:01 am
Judge dismisses suit over Verizon buyout

Judge dismisses suit over Verizon buyout

A federal judge on Monday dismissed a suit by Verizon Communications Inc. management retirees contesting the company's decision to purchase a group annuity contract from Prudential Insurance Co. of...

June 24, 2013 | 06:02 pm
Verizon management retirees' suit may proceed, judge rules

Verizon management retirees' suit may proceed, judge rules

Verizon Communications Inc., New York, management retirees may go forward with their federal lawsuit resulting from the pension buyout deal Verizon purchased from Prudential Insurance Co. of America, ...

March 29, 2013 | 02:29 pm
Verizon contributes $1.7 billion to pension fund in Q4

Verizon contributes $1.7 billion to pension fund in Q4

Verizon Communications Inc. contributed $1.7 billion to the company's defined benefit pension plan during the fourth quarter of 2012, bringing the full-year contribution total to $3.5 billion,...

January 22, 2013 | 04:25 pm
Verizon management retirees sue to stop pension buyout

Verizon management retirees sue to stop pension buyout

Verizon Communications Inc. management retirees filed a federal lawsuit Tuesday seeking to halt the pension buyout deal Verizon purchased from Prudential Insurance Co. of America.

November 29, 2012 | 04:00 pm
Verizon annuity deal adds to pressure on long bonds

Verizon annuity deal adds to pressure on long bonds

Verizon Communications Inc. purchased an annuity contract with Prudential Insurance Co. of America for about 25% of its pension liabilities just when demand in the high-quality corporate bond market...

October 29, 2012
Verizon to close DB plan to new union employees along with buyout

Verizon to close DB plan to new union employees along with buyout

Verizon Communications Inc., New York, will close its defined benefit plans for union employees to new hires and place them exclusively in the company's 401(k) plan, as part of tentative contracts...

October 18, 2012 | 04:26 pm