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Boeing’s $2.4B pension scheme collapses after the California Pension Crisis

On Tuesday, the company announced it was pulling its $2 billion pension plan in the state of California.

The announcement comes after California’s pension fund has been hammered by the fallout from the crisis.

It’s the second time in less than two weeks that Boeing has pulled a pension plan from its site in the U.S.

The California pension system was forced to take a hit in 2016 when it lost $2 million in value due to the collapse of the company’s aerospace company.

The company had said it was looking to sell off the assets of the entire pension system and had asked the California legislature for $1 billion to help pay for the process.

Boeing announced in January it was cutting 1,300 jobs in California, with more than 700 of them in its engineering, product, and other production departments.