Chevron Told to Pay Pensioners $180 Million:...
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From Times Staff and Wire Reports
Chevron Told to Pay Pensioners $180 Million: A federal judge ordered Chevron USA Corp. to pay 40,000 former Gulf Oil Corp. employees and their families about $180 million in back pension benefits. The former Gulf employees claimed Chevron cheated them of pension funds when Chevron acquired Pittsburgh-based Gulf in 1984. The award is on top of a $25-million settlement reached in January by Chevron and some Gulf employees who were fired between Jan. 1, 1984, and June 30, 1986.
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