3M Announces Plan to Shift Pension-Payment Responsibilities for Thousands of U.S. Retirees

3M to Transfer Pension-Payment Obligations for 23,000 U.S. Retirees

3M Corporation has announced its intention to shift pension-payment responsibilities for more than 23,000 retired employees based in the United States. This move is expected to have a significant impact on the retirement benefits and financial well-being of the affected retirees. As companies like 3M offload pension liabilities, concerns arise about the future security of retirement funds for employees. This decision underscores the changing landscape of pension management in the modern economy.