Westinghouse Electric Corp.'s pension fund will be split in six to nine months, but until then will remain under the management of Julie Forsythe, director-pensions, said Roy Morrow, spokesman.
On Nov. 14, Westinghouse unveiled a plan to split the company between its media and industrial lines of businesses, and sell off a portion of the industrial company to the public. As a result of the spinoff, the respective pension fund assets (and an unfunded liability of about $1.8 billion) will follow the businesses for which they were created, Mr. Morrow said.
Including CBS, Westinghouse had about $4.1 billion in defined benefit assets and $4.6 billion in defined contribution assets at the end of last year.
