QWEST COMMUNICATIONS INTL IN
SymbolQ

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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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