Retirement changes: Boeing announced it will freeze the traditional defined-benefit pensions of 68,000 nonunion salaried staff — including managers and executives, all the way to the top — starting in 2016. Just as it did with the 33,000-member Machinists union as part of the 777X deal, Boeing will replace the old pension plan with a new defined-contribution retirement savings account.
Mega merger: Albertsons and Safeway, the nation’s second-largest grocery chain, said Thursday that they will merge under the control of the company that owns Albertsons. The deal will create a chain with more than 2,400 stores, none of which are expected to close, the companies said. The important question: Does this mean we can toss one of those customer club cards?
Do you think Seattle is a diverse city? Based on a well-known scale, Seattle comes in 39th in the country — behind most other major cities. But the nature of diversity in this town is more complex than that number. Seattle Times FYI Guy Gene Balk takes a look at the neighborhoods.
We finally get a break from the rain this morning, but you can look forward to another wet weekend, according to the National Weather Service forecast. The saturation over the past few days is still causing flooding problems and road problems.
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