Tag: cash balance

Exterior view of the French headquarters of IBM

Shifting company contributions from 401(k)s to cash balance plan won’t help the rank and file. In the recent sudden burst of enthusiasm for defined benefit (DB) plans, IBM has been at the center of the conversation.  Indeed, IBM is making changes to its retirement plans.  Starting in January 2024, IBM will end its 5-percent matching…

Working together on their budget

Abstract In light of the recent concerns regarding the solvency of Social Security’s Old-Age, Survivors, and Disability Insurance (OASDI), private pensions may play an increasingly important role in the retirement welfare of U.S. retirees.  However, the private pension landscape is also evolving in ways that may result in lower private pension wealth for retirees.  On…