GE froze pension benefits for thousands of employees. Here are 5 large companies that have done the same in the past.

General Electric announced on Monday that more than 20,000 of the company's employees would see their pension benefits frozen as it moves to cut costs and reduce its mounting debt pile. GE is far from the first company to freeze pensions. US corporations have been increasingly transitioning employees from direct-benefit programs to traditional 401s. Here are 5 other companies that have frozen pension plans in the past. Visit the Markets Insider homepage for more stories.

General Electric announced on Monday that more than 20,000 of the company's employees would see their pension benefits frozen as it moves to cut costs and reduce its mounting debt pile. GE is far from the first company to freeze pensions. US corporations have been increasingly transitioning employees from direct-benefit programs to traditional 401s. Here are 5 other companies that have frozen pension plans in the past. Visit the Markets Insider homepage for more stories.

They can do that? Pension= guaranteed. Always and forever.

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