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Teamsters deal hits Stamford co. for $48m

2015-09-26 04:13:35| Oil & Gas - 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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