This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Qwest Announces Change to Management Retirement Benefits; Freezes Management Salaries for 2010 2009-11-02 17:00 ET - News Release  DENVER -- (Business Wire)
Qwest
Communications (NYSE: Q) today announced that effective Jan. 1,
2010, the company will no longer provide future pension benefit accruals
for active management employees under the Qwest Pension Plan and the
Qwest Nonqualified Pension Plan. Active management employees who
participate in the company’s defined benefit pension plan will retain
their accrued pension benefit, as earned through Dec. 31, 2009, and are
eligible to receive their vested accrued benefit when they leave Qwest.
Additionally, the company announced it will not award a merit increase
to management employees in 2010.
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