Crain Communications is putting its defined benefit pension plan (DB Plan) on hold from January 1, Pensions & Investments reports. The participants in the plan will get registered in the Detroit-based company’s incumbent Service Rewards Plan. DB plan was 68 percent financed as of Dec. 31, 2010 and its assets as of August 31 were $36 million. The company closed the DB plan to new participants on Jan. 1, 2004.
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