Tag Archives: pension

Lockheed announces pension-plan change

Lockheed Martin Corp., of Bethesda, the world’s largest defense contractor, said Tuesday it will freeze its current “defined-benefit pension plan” for salaried employees and transition them to an “enhanced defined contribution retirement plan,” what is commonly known as a 401(k) retirement plan.

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Baltimore Co. firefighters OK contract extension

Baltimore County Executive Kevin Kamenetz announced that the Baltimore County Professional Fire Fighters IAFF Local 1311, representing county firefighters and paramedics, ratified extensions of the current labor agreement for two years. The contract was set to expire on June 30, ...

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