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Teamsters deal hits Stamford co. for $48m
2015-09-26 06:43:43| Energy - Topix.net
Star Gas Partners is recording liabilities of $1.6 million annually for 30 years to overcome an expected shortfall in its pension fund assets, offset partially by tax benefits. The Stamford-based owner of Petro is being hit with a liability amounting to $1.6 million annually for 30 years, as it faces a gap between pension assets and obligations benefiting about 200 of its unionized employees.
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Category:Energy and Environment
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