Rochester Business Journal

Kodak completes $1B pension asset reversion, strengthens balance sheet and reduces debt

Kodak completes a $1B pension asset reversion, boosts liquidity, cuts debt to $200M and fully funds its new employee cash balance plan.

‘I love my work’: I’m a 61-year-old public-school teacher and have a $60K pension. Is it safe?

I am aware that my pension as a Chicago public school teacher is dependent on factors that are very much in flux right now.” ...

Eastman Kodak Completes Pension Reversion Process, Reduces Term Loan Balance

Eastman Kodak said the company has completed a reversion process for $1.02 billion in excess pension assets, strengthening its balance sheet and helping the company reduce its term loan balance. Kodak ...
TMCnet

Kodak Completes Pension Reversion Process, Delivering Over $1 Billion to Strengthen Balance Sheet, Fully Fund New Benefit Plan, and Accelerate Growth

Eastman Kodak Company (NYSE: KODK) announced today that it has completed the reversion process for the $1.023 billion in excess pension assets held in the company-funded Kodak Retirement Income Plan ( ...
The Economist

European pensions are in dire need of reform

The rebels have a point. Across Europe playgrounds are emptying while care homes fill up. The European Commission reckons that by 2070 there will be barely two working-age adults on the continent for ...